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.
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