Annual inflation in Serbia 11.5%

Serbia’s consumer prices rose by 11.5% year-on-year in August, after increasing by an annual 12.5% the month before, the statistical office said on Tuesday.

On a monthly comparison basis, Serbia’s consumer price index (CPI) went up by 0.4% in August, after falling by 0.1% in July, the statistical office said in a monthly inflation report.

The biggest price increases in annual terms were observed in the sector of restaurant and hotel services, by 18.7%, followed by food and non-alcoholic beverages, up 16.9%, and housing, water and energy and household equipment and maintenance, up 15.8% .

On a monthly comparison basis, prices of transport increased by 2.8% in August. Recreation and cultural activities added 1.6%, restaurants and hotels rose 0.7% and prices of housing, water and energy went up by 0.6%.

(Biznis i Finansije, 12.09.2023)

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