Consumer prices in Kosovo decreased 0.4 percent year-on-year in September of 2020, following a 0.5 percent drop in August. It was the third consecutive month of falls in consumer prices, as cost continued to drop for transport (-7.1 percent, the same as in August); furniture & household goods (-1 percent vs -0.4 percent); clothing & footwear (-0.8 percent vs -0.2 percent) and recreation & culture (-0.7 percent vs -1.5 percent). On the other hand, prices rebounded for housing & utilities (0.1 percent vs -0.4 percent) and rose further for food & non-alcoholic beverages (0.9 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.1 percent, after increasing 0.1 percent in August.
Inflation Rate in Kosovo averaged 2 percent from 2003 until 2020, reaching an all time high of 14.20 percent in May of 2008 and a record low of -4.40 percent in May of 2009. This page provides the latest reported value for - Kosovo Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Inflation Rate in Kosovo is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kosovo to stand at 1.10 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.