Kosovo’s import prices rise 4.1% y/y in Q2

Kosovo’s import prices rise 4.1% y/y in Q2
IMPI development, Q1 2006 – Q2 2017 (2010=100)
By bne IntelliNews September 6, 2017

Kosovo’s Import Price Index (IMPI) rose by 4.1% y/y in the second quarter of 2017, following a 5.2% y/y increase in the previous quarter, the Kosovo Agency of Statistics (KAS) said on September 6.

Kosovo's imports dwarf its exports, with the country reporting a trade deficit of €1.45bn in the first seven months of this year. 

In the second quarter of 2016 the import price index went down by 3.9% y/y.

In q/q terms, IMPI edged down 0.3% in Q2, following a 1.3% q/q increase in the previous quarter. There was an annual average IMPI deflation of 2.5% in 2016, following a deflation of 1.2% in 2015.

In annual terms the largest increase was registered in the sector of vegetable products (14.5%), mineral products (10.4%), metals and articles of base metals (10.4%), optical, photo, measuring, medical & musical instruments (5.6%) as well as leather and articles thereof (5.4 %).

In quarterly terms, the largest decreases were registered in the sector of mineral products (-7.0%), footwear (-2.3%), leather (-2.2 %) as well as in the sector of live animals and animal products (-1.7%).