"Inflation and Social Welfare: The Role and Legal Responsibilities of the State for Ensuring the Standard of Living" - The Case of Kosovo

Session

Law

Description

This paper examines the relationship between inflation and social welfare at the global level, including the Republic of Kosovo, assessing the legal roles and responsibilities of the state to ensure an acceptable standard of living. The analysis are based on statistical data from 2010–2024, which show that the family’s basket products in 2010 were purchased for 89.4 €, in 2015 the same basket was purchased for 100 €, while in 2024 it costs 130.1 €, which means that in 2015 the same family basket cost 10.6 € more compared to the prices of the products of the family basket in 2010, while the prices of the same products of the basket in 2024 increased by 30.1 € more compared to 2015, respectively 40.7 € more compared to 2010. The findings show that high inflation expresses the erosion of the purchasing power of money and at the same time has influenced, firstly, the decrease in the purchasing power of families and secondly, it has increased relative poverty of families. So, coordinated legal and political measures are needed, including automatic harmonization of pensions and all other social benefits, ensuring that the cost of living does not decrease normally by strengthening budgetary transparency of all financial transactions and transfers in any country, especially in transition countries such as Kosovo. The non-harmonization of pensions and other social payments with inflation was considered by many institutions such as IKL as a violation of the fundamental rights of pensioners.

Keywords:

inflation, social welfare, Kosovo, legal responsibility, analysis, family basket

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-982-41-2

Location

UBT Lipjan, Kosovo

Start Date

25-10-2025 9:00 AM

End Date

26-10-2025 6:00 PM

DOI

10.33107/ubt-ic.2025.257

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Oct 25th, 9:00 AM Oct 26th, 6:00 PM

"Inflation and Social Welfare: The Role and Legal Responsibilities of the State for Ensuring the Standard of Living" - The Case of Kosovo

UBT Lipjan, Kosovo

This paper examines the relationship between inflation and social welfare at the global level, including the Republic of Kosovo, assessing the legal roles and responsibilities of the state to ensure an acceptable standard of living. The analysis are based on statistical data from 2010–2024, which show that the family’s basket products in 2010 were purchased for 89.4 €, in 2015 the same basket was purchased for 100 €, while in 2024 it costs 130.1 €, which means that in 2015 the same family basket cost 10.6 € more compared to the prices of the products of the family basket in 2010, while the prices of the same products of the basket in 2024 increased by 30.1 € more compared to 2015, respectively 40.7 € more compared to 2010. The findings show that high inflation expresses the erosion of the purchasing power of money and at the same time has influenced, firstly, the decrease in the purchasing power of families and secondly, it has increased relative poverty of families. So, coordinated legal and political measures are needed, including automatic harmonization of pensions and all other social benefits, ensuring that the cost of living does not decrease normally by strengthening budgetary transparency of all financial transactions and transfers in any country, especially in transition countries such as Kosovo. The non-harmonization of pensions and other social payments with inflation was considered by many institutions such as IKL as a violation of the fundamental rights of pensioners.