Last year's festivals citizens complain of price hikes

Last year's festivals citizens complain of price hikes

Consumer product prices have marked increases on the eve of holiday end of the year. Citizens are complaining that their small monthly income in their families is unable to buy the necessities of consumption. And they say, after the 100 per cent fee was imposed on Serbia more than a year [...]

And they say, after the 100 per cent fee was imposed on Serbia more than a year, it has affected price hikes.

Gilie Makoli says they are failing to cover all expenses until she said she has to cancel some products.

There's been an increase, this year they're saying they're cheaper, I don't know. They have to leave half the products just a few that's necessary because it doesn't arrive at the Kosovo salary”.

Binaze Terbunaj, on the other hand, shows that he has noticed price hikes by 20 percent.

“10 or 20 percent have increased this year. For us pensioners are making a big difference. Pension is not an increase, but only the price”.

Becir Krasniqi, says he has price-freer, and for that he has influenced taxes on Serbian products.

“Prices are similar do not have a big difference. Some prices have increased, some are the same. We're trying to cover up a little bit. The tax is affecting Serbia”.

High Minister of Statistics Division at the Kosovo Statistics Agency (ASK) Raif Gashi told the Online Economy that there are rising prices of consumer products such as flour, cereals, meat and some other foods.

The monthly <x0) inflation measured by the harmonised consumer price index was 0.2% in November 2019. The annual inflation rate measured in November 2019 by November 2018 was 1.7%. The overall harmonised consumer price index is higher for 0.2% in November 20190).

This is primarily explained with the rise of consumption prices in COI COP subgroups: milk, cheese and eggs 2,2%, vegetables 3%, insurance 19.5%, rising 26% of auto insurance prices led to a 0.1% rise of IHCK, with a combined impact of these subgroups of 0.3 percent in IHK-HCH-E<1>.

Gashi has announced price hikes, one of them even the price of car insurance.

While he says there has been a drop in consumer prices in vegetables and air transport tickets. Gashi also cited the main factors leading to price hikes.

As he said, large import of goods and services, as well as the impact of the tax on power more than a year.

“The hike was largely neutralised by the drop in consumer prices in COCOP subgroups: vegetables -5.0%, use of personal transport equipment -2.3% reduction of oil and gasoline prices, services for transport -5.7%- falling air transport ticket prices with a combined impact of these subgroups -0.5 percent on IHK-it<18x1>.

“The main factors in price hikes are import. Kosovo is about 90% importer of goods from foreign countries. As well as the tax has had an impact on price hikes”, he said.

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