Producer prices in Kosovo increased 1.3% year-on-year in the fourth quarter of 2018, following a 2.3% rise in the previous quarter. It was the lowest producer inflation since the first quarter of 2018, as cost slowed for manufacture of metals (4.2% from 14.6%); manufacture of machinery and equipment (5.8% from 7.3% in third quarter) and for manufacture of motor vehicles (transport), trailers and semi-trailers (3.2% from 3.3%). Additionally, prices shrank for manufacture of electrical equipment (-6.9% from 6%) and fell less for metal ore extraction (-10.3% from -11.1% ) and for manufacture of chemical products (-2.5% from -3.1%). On the other hand, cost rose at a faster pace for non-metallic mineral products (5.8% from 5.5%), manufacture of furniture (3.9% from 2.2%), production of food products (3.8% from 1.3%) and for manufacture of beverages (3.8% from 1.3%). Compared to the previous quarter, producer prices went up 0.1%, after a 1% gain in the third quarter of 2018. Producer Prices Change in Kosovo averaged 2.34 percent from 2009 until 2018, reaching an all time high of 8.30 percent in the first quarter of 2011 and a record low of -1.30 percent in the first quarter of 2014.
Producer Prices Change 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 Producer Prices Change in Kosovo to stand at 2.50 in 12 months time. In the long-term, the Kosovo Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.