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.
Author: Dirina Mançellari, Senior Economist