Producer prices in Kosovo increased 1.1% year-on-year in the second quarter of 2019, easing from a upwardly revised 2.1% rise in the previous period. It was the smallest producer inflation since the first quarter of 2018, as prices declined for metal ore extraction (-6.8%), production of metals (5.8%), manufacture of electrical equipment (-5.8%), manufacture of chemical products (-5.3%) and manufacture of fabricated metal products, except machinery and equipment (-2.6%). On the other hand, increases were seen for: production of non-metallic mineral products (10.5%), production of food products (5.6%), manufacture of beverages (4.3%), manufacture of furniture (3.5%), manufacture of machinery and equipment p.k.t (2.7%) and manufacture of rubber and plastic (0.9%). Producer Prices Change in Kosovo averaged 2.04 percent from 2009 until 2019, reaching an all time high of 8.30 percent in the first quarter of 2011 and a record low of -1.30 percent in the first quarter of 2014.
Producer Prices Change in Kosovo is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Kosovo to stand at 2.00 in 12 months time. In the long-term, the Kosovo Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.