Serbia: Inflation jumps to over three-year high in February
March 14, 2017
Consumer prices increased 0.7% from a month earlier in February, below January’s two-year high 1.4% rise. According to the Statistical Office, higher prices for food and non-alcoholic beverages and transport were partly offset by falling prices for communications, clothing and footwear.
Inflation jumped to 3.2% in February from 2.4% a month earlier, the highest reading since September 2013. Annual average inflation rose from 1.1% in January to 1.3% in February, which was the highest reading in nine months.
Author: Christopher Thomas, Economist