Serbia: Inflation eases slightly in November
January 7, 2016
In November, consumer prices decreased 0.1% over the previous month. The print was slightly up from the 0.2% drop seen in October, which had marked a three-month low. According to the Statistical Office of the Republic of Serbia (SORS), November’s print mainly reflected a decrease in prices for food and non-alcoholic beverages. On the other hand, prices for health and communication increased over the previous month.
Inflation in November inched down from 1.4% in October to 1.3%, thus hitting a four-month low. Annual average inflation also inched down from October’s 1.5% to 1.4% in November.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, was stable at October’s 2.2% in November.
Author: Dirina Mançellari, Senior Economist