Annual inflation rate in Kosovo increased to 2.1% in November of 2018 from 1.5% in the previous month. It was the highest inflation rate since February, when prices showed no growth. Prices rose faster mainly for food & non-alcoholic beverages (2.7% from 1.4% in October), due to higher prices of vegetables (12.3% from 10.7%); bread & cereals (5% from 1.2%); fish (1% from 0.7%) and milk, cheese & eggs (1.1% from 0.2%); transport (6.6% from 6.5%), boosted by transport services (6.3% from 5.8%); and miscellaneous goods & services (1.1% from 0.8%), due to personal care (1.1% from 0.8%). On the other hand, cost slowed for alcoholic beverages & tobacco (2.9% from 3.2%) and restaurant & hotels (2.4% from 2.6%) while prices of furniture & household equipment showed no growth, compared to a 0.2% decrease in the prior month. On a monthly basis, consumer prices increased 0.7%, up from a 0.2% gain in October. Inflation Rate in Kosovo averaged 2.03 percent from 2003 until 2018, 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 2.20 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 1.70 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.