Serbia: Inflation inches up in December
January 30, 2017
Consumer prices fell 0.1% in December from the previous month, mirroring November’s decrease. According to the Statistical Office of the Republic of Serbia (SORS), the fall was driven by a decrease in the price of food and beverages, tobacco, communication and restaurants and hotels.
Inflation inched up from 1.5% in November to 1.6% in December, the highest reading in nearly a year. Annual average inflation was stable at the previous month’s 1.1% in December.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched up from 1.4% in November to 1.5% in December.
Author: Dirina Mançellari, Senior Economist