Serbia: Inflation jumps in January
February 23, 2016
In January, consumer prices increased 0.6% over the previous month, which contrasted the 0.2% decrease seen in December and marked the highest reading in five months. According to the Statistical Office of the Republic of Serbia (SORS), December’s print mainly reflected a decrease in prices for transport as well as for food and non-alcoholic beverages.
Inflation in January jumped from 1.5% in December to 2.4%, thus hitting a 14-month high. Annual average inflation inched up from 1.4% in December to 1.6% in January.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, fell from 2.2% in November to 1.6% in December (the latest period for which data is available).
Author: Dirina Mançellari, Senior Economist