Statistics agency halts publishing of daily core items

The AKS had started publishing basics a few months ago, but since last week it has stopped monitoring prices, therefore publishing them.

Twenty-four basic articles have been undoing the Agency by 3 July.

Looking at the huge movement of goods and services prices in recent months, it has been widely seen that as the competent institution for the production of official statistical data and measurements for units of all economic activities in the country, the AKS has launched the daily monitoring of consumer prices of”, the KSF had announced at the beginning of April this year.

The prices of basic articles have seen record increases in recent months, and according to recent statistics, inflation in Kosovo has affected the peak of 14.1 per cent.

Inflation is a stable movement on the rise at the overall price of goods and services in an economy. It corresponds to a loss of purchasing power for a currency used within the economy. As a result, more currency units are needed to buy the same amount of goods and services.

Your money buys less, whether it be bread, food, rent, or medical services as soon as possible. Inflation can also harm savings because it reduces the interest you earn in your deposits.

Inflation is only present when general prices of goods and services are on the rise. Two main forces are thought to be responsible for the increases: inflation that attracts the demand and inflation that drives the cost. /Periscopi/