Inflation Kosovo 2023
Average inflation: 5.0%
Current Inflation
Inflation is very high at 5.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 12.0%. The lowest inflation was in July at 2.3%.
- Highest month
- January: 12.0%
- Lowest month
- July: 2.3%
- Difference
- 9.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 8.6%. The lowest price increase was in Core inflation with an average of 6.0%.
- Highest increase
- Food: 8.6%
- Lowest increase
- Core inflation: 6.0%
Historical Context
Current inflation is around the 5-year average of 4.6%.
- 5-year average
- 4.6%
- 10-year average
- 2.6%
- All-time high (2022)
- 11.6%
- All-time low (2009)
- -2.4%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -6.6 percentage point.
- Change vs. previous year
- -6.6 percentage points
- Largest monthly swing
- July: -11.9 percentage points
ECB Target
Inflation is 3.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 12.0% | +4.9 |
| February | 10.5% | +3.0 |
| March | 7.1% | -2.9 |
| April | 5.6% | -5.6 |
| May | 4.3% | -8.2 |
| June | 2.8% | -11.3 |
| July | 2.3% | -11.9 |
| August | 3.2% | -9.8 |
| September | 4.2% | -8.5 |
| October | 3.3% | -9.4 |
| November | 2.9% | -8.7 |
| December | 2.3% | -9.8 |
| Average | 5.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.