Producer prices in Kosovo increased 1.8 percent year-on-year in the first quarter of 2019, following a 1.3 percent rise in the previous quarter. Prices advanced faster for non-metallic mineral products (6.0 percent vs 5.8 percent in Q4); food (5.7 percent vs 3.8 percent); furniture production (4.2 percent vs 3.9 percent); electricity, gas, steam & air conditioning supply (2.4 percent vs 0.1 percent) and for rubber & plastic products (1.3 percent vs 1.1 percent). On the other hand, cost slowed for machinery & equipment (4.6 percent vs 5.8 percent) and metal production (1.2 percent vs 4.2 percent) while metal mining continued to fall (-16 percent vs -10.3 percent). Compared to the previous quarter, producer prices declined 0.4 percent, after a 1 percent gain in the fourth quarter of 2018. Producer Prices Change in Kosovo averaged 2.33 percent from 2009 until 2019, 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 2.90 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 2.40 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.