UPDATE 1 - Kosovo's Nov CPI Falls 1.0% M/M, Up 2.6% Y/Y

In October, consumer prices in Kosovo were 1.0% higher than in September and 4.5% higher on the year, the office said in its monthly report.

In November 2007 Kosovo's CPI was 0.9% up on the month and 10.4% higher than a year earlier.

On a monthly basis, the fall in November's CPI was mainly due to a 12.3% fall in vehicle spare pars prices. Prices of bread and wheat products fell by 1.9%, while prices of fruits dropped by 6.1%.

On an annual basis, November inflation was largely due to a 15.3% rise in meat and meat sub-products prices. Prices of milks, dairy products and eggs went up by 9.1%, while prices of transport services increased by 19.9%.

Kosovo's CPI reached 111.8 points in November, compared to a base 100 points in May 2002. In October the CPI measured 112.9 points, while in November 2007 it was 109.0 points.

The average annual CPI measured 102.8 points in 2007. The average annual inflation for 2007 is estimated at 4.3%.

Kosovo November Consumer Price Index (pct change):

Kosovo, where 90% of the population is ethnic Albanian, declared its secession from Serbia on February 17, after almost nine years under the administration of the United Nations. Serbia, backed by its historical ally Russia, says it would never recognise Kosovo as an independent state. Over fifty countries have recognised Kosovo as an independent state since.