Inflation in Kosovo has reached 10 %

Authorities report that inflation in Kosovo is now at 10%.

According to a report by ASK (Kosovo’s Statistics Agency), the rise in inflation can be explained by the rise in consumer prices for goods and services.

According to the agency, the biggest rise in prices can be seen in the electricity bill which has seen a rise of 13%, followed by gas at 11.4%.

The price of oil has also seen an 11.3% increase, along with alcoholic beverages at 5.9%, and clothing items at 4.9% according to the report.

During February, inflation was at 7.5%, whereas in January at 7.1%.

Since its start on February 24, the Russian military invasion in Ukraine has contributed to the rise of essential food products in the Kosovo market, especially oil by-products, flour, bread, and cooking oil.