Inflation rate in Kosovo increased to 3.1 percent in January of 2019 from 2.9 percent in the previous month. It was the highest inflation rate since February of 2018, when prices showed no growth. Cost rose faster for food & non-alcoholic beverages (6.2 percent from 4.7 percent in December); alcoholic beverages & tobacco (3.7 percent from 2.9 percent) and miscellaneous goods & services (1.8 percent from 1.4 percent). In addition, prices rebounded for housing & utilities (0.2 percent from -0.5 percent) and cost went up at a softer pace for transport (3.1 percent from 5.7 percent) and restaurant & hotels (1.7 percent from 2.4 percent). Meanwhile, prices fell for furniture & household equipment (-0.2 percent from 0.1 percent); recreation & culture (-0.5 percent from -1.1 percent); clothing & footwear (-2.2 percent from -0.3 percent) and communication (-0.4 percent from -0.3 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.8 percent rise in December. Inflation Rate in Kosovo averaged 2.04 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 1.70 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 2.40 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.