Serbia: Inflation accelerates in December to hit midpoint of Central Bank's 3.0% target range
January 15, 2018
Consumer prices remained unchanged from the previous month in December, just as they did in November. According to the Statistical Institute, price increases for housing, water, electricity, gas and other fuels, transport, and recreation and culture were offset by lower prices for clothing and footwear, and food and non-alcoholic beverages.
Inflation accelerated from 2.8% in November to 3.0% in December, precisely hitting the midpoint of the Central Bank’s target range. Annual average inflation climbed from 3.0% in November to 3.2% in December. Core inflation—which excludes volatile items including energy, food, alcohol and cigarettes—ticked down to 1.3% in December from 1.4% in November.
Author: Edward Gardner, Economist