The annual inflation rate in Kosovo increased to 2.7 percent in August of 2019 from an eight-month low of 2.6 percent in July. Prices rose faster for food & non-alcoholic beverages (5.6 percent vs 5.2 percent in July); furniture & household equipment (1.8 percent vs 1.1 percent). Meantime, inflation was steady for miscellaneous goods & services (at 1.1 percent) and recreation & culture (at 1.5 percent) while cost slowed for housing & utilities (0.3 percent vs 0.9 percent) and alcoholic beverages & tobacco (2.2 percent vs 3.5 percent). Cost of transport fell further transport (-0.3 percent vs -0.2 percent). On a monthly basis, consumer prices went up 0.5 percent, after a 0.1 percent drop in July. 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 2.50 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 1.30 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.