Serbia Inflation December 2015

Serbia

Serbia: Inflation picks up in December

January 13, 2016

In December, consumer prices decreased 0.2% over the previous month. The print was slightly down from the 0.1% drop seen in November. 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 December inched up from 1.3% in November to 1.5%, thus hitting a four-month high. Annual average inflation was stable at November’s 1.4%.

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.

Met the why particular Consensus Forecast panelists expect that inflation will average 1.8% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 3.3%.


Author:, Senior Economist

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Serbia Inflation December 2015

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Statistical Office of the Republic of Serbia (SORS)


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