The annual inflation rate in Kosovo increased to 1.5 percent in January 2020 from 1.2 percent in the previous month. Prices rose faster for furniture & household equipment (2.2 percent from 1.7 percent in December); miscellaneous goods & services (3.5 percent from 3.3 percent); restaurant & hotels (2.7 percent from 1.5 percent) and health (3.8 percent from 1.7 percent). In addition, cost rebounded for transport (2.0 percent from -0.3 percent); clothing & footwear (1.9 percent from -0.4 percent) and education (0.2 percent from -0.1 percent) while inflation was steady for communication (1.0 percent). On the other hand, cost slowed for food & non-alcoholic beverages (1.8 percent from 2.0 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.2 percent gain in December.
Inflation Rate in Kosovo averaged 2.07 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.
Inflation Rate in Kosovo is expected to be 1.10 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 1.70 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.90 percent in 2021, according to our econometric models.