Kosovo Witnesses Alarming 50 Percent Rise In Food Prices
By Nebojsa.Nikitin on May 4, 2008 in Featured, Kosovo
The local economists say that the food prices that have risen an alarming 50 percent since the start of this year in Kosovo, represents a heavy burden for citizens. They feel that the sudden price hikes could cause a social crisis in Kosovo.
According to economists, the average monthly wage in Kosovo is at EUR 190, the increases in the prices of food, flour and cooking oil in particular, are leading to a deterioration of the standard of living. Besides, unemployment is the key factor that has a negative impact on the standard of Kosovo’s residents, followed by the daily inflation.
The latest data shows that Kosovo’s public sector employees receive minimal wages of EUR 130, while the average monthly salaries stand at EUR 190. The private sector has only marginally better results, with EUR 150 and 200 respectively.
Economists say that although Kosovo can produce up to 70 percent of its wheat demand, it currently only covers the wheat market with 40 percent of own production.
On the issue, Kosovo’s deputy premier, Hajrudin Kuci, said the authorities in Priština have plans to improve economy and social care, warned at the same time that their implementation “will take time and capacities”.
