Serbia: Inflationary pressures intensify in November
December 12, 2019
Consumer price rose by 0.2% over the prior month in November, up from the 0.1% increase in October. The reading was driven by a sharp rise in health costs and higher food; housing and utilities; and clothing and footwear prices.
Inflation jumped to 1.5% in November from 1.0% in October, hitting the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. On the other hand, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—was steady at 1.2%, while annual average inflation was stable at 1.9% in November.
Author: Lindsey Ice, Economist