Kosovo's consumer price growth eased to 2.4% y/y in April from 2.6% y/y the month before, thus sinking to a nine-month low, the statistics office said. In the twelve months through April, the average CPI edged up by 0.1pps to 2.9%. However, in April consumer prices fell 0.8% as compared to their March level.
The subdued inflation can be explained by the lack of price pressure from the typical drivers of the Kosovo inflation - global food and oil prices.
Food price inflation slowed down to 3% y/y in April from 3.1% in March and the beverages and tobacco price growth eased to 8% y/y from 8.2% y/y a month earlier. The housing and utilities price inflation decelerated by 0.1pps to 1.9% y/y. On the other hand, the transport sector prices fell 6.8% y/y.
In its latest report the EBRD said it expects the annual average inflation in Kosovo to slow down to 2.5% in 2013 from 3.3% in 2012, while the IMF projects 2.4% annual price growth this year.
The dust has barely settled after Kosovo’s snap general election — it took nearly three months to form a government with the new cabinet being voted in on September 9 — and Kosovans are heading ... more
A member of Kosovo’s ruling coalition was arrested on October 16 on suspicion of being involved in a visa scam. Kosovo is the last country in Europe whose nationals still require visas to ... more
The construction of a highway between the largest town in northern Serbia, Nis, and Kosovo’s capital Pristina, will start in 2018, Serbia’s Deputy Prime Minister and Minister of Construction, ... more