Kosovo’s industrial PPI rose by an average of 5.5% y/y in the second quarter of 2017, after increasing by 0.9% y/y in the previous quarter, data from the statistics agency KAS indicated on September 8.
This is the biggest PPI annual inflation since Q1 2013 when it reached 6.4%. In 2016, the average PPI deflation was 0.1%. In Q2 2016, the PPI was up 0.3% y/y and rose by 1.1% q/q.
In Q2, the biggest y/y price increase were reported in the mining sector (+54.9%), followed by the sector of electricity, gas, steam and air conditioning (+25.2%).
The biggest decline on an annual basis was registered in the food processing sector (-4.1%).
The index dropped 0.4% q/q in the second quarter of 2017, reversing a 0.4% increase q/q in the previous three months.
In quarterly terms, producer prices went down the most in production of metals (-11.7%), whereas the biggest increase took place in the electricity, gas steam and air conditioning sector (+3.2%).