The annual inflation rate in Kosovo edged down to 0.1 percent in June of 2020 from 0.2 percent in the previous month. It was the lowest rate since March of 2018, as prices increased at softer pace for food & non-alcoholic beverages (2.4 percent vs 2.7 percent in May). In addition, cost fell further for transport (-8.8 percent vs -8.9 percent), recreation & culture (-1 percent vs -0.6 percent) and clothing & footwear (-0.6 percent vs -0.3 percent). On the other hand, prices advanced faster for housing & utilities (0.8 percent vs 0.5 percent), furnishing, household equipment and routine maintenance of the house (0.6 percent vs 0.5 percent) and miscellaneous goods & services (3.9 percent vs 3.8 percent). On a monthly basis, consumer prices dropped 0.4 percent, the fifth consecutive month of fall.
Inflation Rate in Kosovo averaged 2.04 percent from 2003 until 2020, 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 August of 2020.
Inflation Rate in Kosovo is expected to be 0.50 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 1.10 in 12 months time. In the long-term, the Kosovo Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.