The annual inflation rate in Kosovo decreased to 3 percent in June of 2019 from 3.4 percent in the previous month. It was the lowest inflation since December of 2018, as cost slowed for food & non-alcoholic beverages (5.9 percent from 6.5 percent in May); transport (0.2 percent from 1.6 percent); furniture & household equipment (1.3 percent from 1.6 percent); housing & utilities (1.3 percent from 2.3 percent) and alcoholic beverages & tobacco (2.4 percent from 2.8 percent). On a monthly basis, consumer prices went down 0.3 percent, following a 0.2 percent fall in May. Inflation Rate in Kosovo averaged 2.08 percent from 2003 until 2019, 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.
Inflation Rate in Kosovo is expected to be 3.00 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 1.30 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.