Inflammation in July 0.2 percent

Kosovo Statistics Agency (ASK) has published the harmonised consumer price index (IHÇK) for July 2018.

Monthly inflation measured in July 2018 by the harmonised consumer price index was 0.2%, while annual inflation was 1.2%.

The overall harmonised consumer price index is higher for 0.2% in July 2018, compared to June 2018. This is primarily explained with the rise of consumer prices in COICOP sub-groups: meat (1.1%); milk, cheese and eggs (1.4%); use of personal transport equipment (O.8%)-enhancing oil and gasoline prices); transport services (7.2%) - raising airline ticket prices with a common impact of the 0.5 per cent subgroups in IHCH.

The hike was neutralised, mainly by the decline of consumer prices in COICOP subgroups: trees (-2.5%); vegetables (-5.1%), with a common impact of these subgroups of (-0.3 %) on IHCH.

Meanwhile, the overall harmonised consumer price index is higher for 1.2% in July 2018, compared to July 2017. This is primarily explained with the rise of consumer prices in this period in COICOP subgroups: bread and cereal (1.4%); meat (2.3%); milk, cheese and eggs (4.7%); vegetables (12.2%); tobacco (3.9%); use of personal transportation equipment (9.8%) - building the price of oil and gasoline); hotel services (2.3%), with a joint impact of these subgroups 1.9 per cent in the IHK.

The hike was neutralised, mainly by the drop in consumption prices in COICOP subgroups: sugar and candy (-8.1%); clothing (-1.4%); electricity, gas and other fuel (-7.0%); household equipment (-2.5%); mobile phone equipment (-8.4%); audio-visules, information processing photo (-4.6%), with a joint impact of these subgroups (-07 percent) on IHCHC.