What was inflation for years in Kosovo, and how did it peak this year?

Prices of products and services in Kosovo, such as elsewhere in Europe, have begun to rise last year. Initially it was the pandemic of the Coronavirus that has caused market disorders, and then Russia's war in Ukraine, which authority in Kosovo is most challenging.

The inflation rate in Kosovo, in August, has reached over 13 per cent.

Price increases have taken nearly all the basic products from bread, oil, sugar, flour to trees and vegetables. The average gross salary in Kosovo is 484 euros, while pensions range from 100 to 265 euros.

But what was inflation like in the last eight years?

Periscope has released the data from the AK.

In 2014, inflation (the consumer price index) was 0.4 percent.

In 2015, inflation was 0.4 percent.

In 2016 it was 0. 3 percent.

In 2017 it was 1, 5 percent.

In 2018 it was 1.1 percent.

In 1019 it was 2, 7 percent.

By 2020 it had dropped to zero, 2 percent.

By 2021 it was registered at 3, 4 percent.

Although there is still no measurement of September this year, it is estimated that it has reached about 19 percent.

What is inflation?

Inflation by which prices of goods and services increase. Likewise, it also works as a percentage by which money “fiat” loses their value. For example, in the 1970 ' s, a cup of coffee was 20 cents, today 1.50 Mmm. For the same amount of money now you can buy less goods than you could have bought 50 years ago, because when prices go up, everyone notices this change of money purchasing power decreases.

Inflation is measured in the consumer price index. This shows how much money someone would spend this year to buy the same products and services as last year. /Periscopi/