Inflation in Serbia in 2019 stood at 1.9%

The annual inflation rate in Serbia rose to 1.9 per cent in December 2019, its highest level since May, from 1.5 per cent in the previous month.

Main upward pressure came from prices of housing & utilities (2.9 per cent vs 1.4 per cent), namely electricity, gas and other fuels (3.4 per cent vs 1.2 per cent); transport (0.4 per cent vs -1.2 per cent), of which fuels & lubricants (0.8 per cent vs -3 per cent); alcoholic beverages & tobacco (5.3 per cent vs 5.1 per cent) and recreation & culture (2.2 per cent vs 1.8 per cent).

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Meantime, cost advanced at the same pace for food & non-alcoholic beverages (2 per cent) and health (1.9 per cent). On a monthly basis, consumer prices went up 0.5 per cent, after increasing 0.2 per cent in the preceding month.

Inflation rate in Serbia averaged 5.44 per cent from 2007 until 2019, reaching an all time high of 14.90 per cent in June of 2008 and a record low of 0.10 per cent in January of 2015.

(N1, 13.01.2020)





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