Consumer prices in Kosovo decreased 0.5 percent from a year earlier in August of 2020, after dropping 0.1 percent in the prior month. Main downward pressure came from prices of transport (-7.1 percent vs -7.5 percent in July); recreation & culture (-1.5 percent vs -1.4 percent ); housing & utilities (-0.4 percent vs 0.1 percent); furnishings (-0.4 percent vs 0.3 percent) and clothing & footwear (-0.2 percent vs 0.2 percent). Also, inflation slowed for food & non-alcoholic beverages (0.8 percent vs 1.7 percent). On a monthly basis, consumer prices edged up 0.1 percent, following a 0.3 percent decrease in the previous month.
Inflation Rate in Kosovo averaged 2.01 percent from 2003 until 2020, 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. This page provides the latest reported value for - Kosovo Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Inflation Rate in Kosovo is expected to be 0.50 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 1.10 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.