Serbia: Inflation jumps in October
November 15, 2016
In October, Serbian consumer prices increased 0.7% from the previous month, which contrasted the 0.6% decrease in September. According to the Statistical Office of the Republic of Serbia (SORS), October’s print mainly reflected higher prices for fresh vegetables, electricity and travel packages.
Inflation jumped from 0.6% in September to 1.5% in October, the highest reading in nine months. Annual average inflation was stable at the previous month’s 1.1% in October.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched down from 1.6% in September to 1.5% in October.
Author: Dirina Mançellari, Senior Economist