Agricultural prices in Kosovo rise 4.4% y/y in Q3 2013

By bne IntelliNews November 18, 2013

Prices of agricultural products in Kosovo grew 4.4% in the third quarter of 2013 as compared to their level a year earlier, data published by the statistics office showed. The agricultural inflation index is divided in two main price groups - crop output and animal output. Of the two categories, the crop output prices have a bigger influence on the dynamics of the index since they have the heavier weight in the agricultural basket.

The crop output prices rose 5.6% y/y in the third quarter of 2013 on higher prices of vegetables (+5.4% y/y), potatoes (+32.8% y/y) and fruits (+5.4% y/y). On the other hand, the decline in the price of cereals (-17.7% y/y) and forage plants (-2.6% y/y) had a small offsetting effect. The animal output inflation was 0.2% y/y in Q3.

Food prices account for 37.8% of the CPI basket and inflation in Kosovo closely mirrors their development. In October, the CPI was flat from the previous month, rising at an annual rate of 0.2% y/y. Prices of food and non-alcoholic beverages decreased 1.4% y/y, contributing a negative 0.57pps to the CPI.

Kosovo, Agricultural output price inflation Q3 2012 Q3 2013 Change, y/y
Total 113.9 118.9 4.4%
Crop output 110.1 116.3 5.6%
Vegetables 90.8 95.7 5.4%
Potatoes 143.7 190.8 32.8%
Fruits 101.5 107.0 5.4%
Forage plants 152.8 148.9 -2.6%
Cereals 179.5 147.8 -17.7%
Animal output 128.5 128.8 0.2%
Live animals 135.4 137.6 1.6%
Animal products 119.3 116.9 -2.0%
Source: Kosovo statistics office      

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