The annual inflation rate in Kosovo inched higher to 2.0 percent in May of 2021, following a 1.9 percent increase in the previous month. It was the highest inflation rate since October of 2019, as prices soared in transports (9.0 percent vs 7.5 percent in April) and continued to rise significantly for communications (16.3 percent, the same as in the prior month). On the other hand, prices declined further in food (-0.3 percent vs -0.1 percent), housing & utilities (-2.4 percent vs -2.6 percent), and clothing & footwear (-0.6 percent vs 0.0 percent). On a monthly basis, consumer prices edged down 0.2 percent, reversing from a 0.3 percent rise in the prior month. source: Kosovo Agency of Statistics
Inflation Rate in Kosovo averaged 1.95 percent from 2003 until 2021, 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. This page provides the latest reported value for - Kosovo Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Kosovo is expected to be 2.40 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 1.50 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.90 percent in 2023, according to our econometric models.