Consumer prices in Kosovo up 0.2% y/y in September 2013

By bne IntelliNews October 16, 2013

Kosovo's consumer price inflation slowed down to 0.2% y/y in September from 1.2% in August, on falling transport, food and utilities charges, the statistics office reported. Compared to a month earlier, the CPI fell by 0.2% following a 0.1% m/m decline in August and a 0.4% m/m drop in July.

Prices of food and non-alcoholic beverages decreased on an annual basis for a first time since July 2012. They declined by 0.7% y/y, thus weighting down the CPI by 0.26pps. In monthly terms, the drop was slightly bigger (-1%). Transport-related goods and services cost dropped 3.3%y/y, pushing the overall inflation index down by 0.53pps. The housing and utilities prices were 1.7% lower in September 2013 compared to a year earlier (0.12pps negative contribution to the overall CPI).

Kosovo's core inflation is expected to remain at around 2% in 2013, the IMF said in an Article IV report in June. Headline inflation is projected at 2.4%. The EBRD expects the annual average inflation in Kosovo to slow down to 2.5% in 2013 from 3.3% in 2012.

  Weight in CPI basket Jul-13 Aug-13 Sep-13
TOTAL 100% 2.3% 1.2% 0.2%
Food and non-alcoholic beverages 37.8% 3.8% 1.8% -0.7%
Alcoholic beverages, tobacco 5.2% 5.7% 5.5% 5.6%
Clothing and footwear 7.2% 2.7% 2.6% 3.2%
Housing, water, electricity, gas and other fuels 7.1% -0.3% -1.2% -1.7%
Furnishing, household equipment and routine maintenance of the house 10.0% 1.0% 1.3% 1.5%
Health 3.3% 0.7% 0.7% 0.8%
Transport 13.4% -1.2% -2.8% -3.3%
Communication 3.4% -0.2% -0.9% -1.3%
Recreation and culture 4.5% 0.3% 0.4% 0.2%
Education 1.1% 0.0% 0.0% 0.0%
Restaurants and hotels 4.1% 1.3% 0.9% 0.9%
Miscellaneous goods and services 3.0% 10.7% 10.8% 10.2%
Source: statistics office        
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