Year-on-year inflation in February 16.1%

Serbia’s consumer prices rose by 16.1% year-on-year in February, after increasing by an annual 15.8% the month before, the statistical office said on Monday.

On a monthly comparison basis, Serbia’s consumer price index (CPI) went up by 1.4% in February, at the same rate of increase recorded in January, the statistical office said in a monthly inflation report.

The biggest price increases in annual terms were observed in the sector of food and non-alcoholic beverages, of 24.6%, followed by housing, water and energy (+24%) and restaurant and hotel services (+22.2%).

On a monthly comparison basis, prices of food and non-alcoholic beverages rose by 2.7% in February. Prices of recreation and culture rose by 1.5%, healthcare services prices increased by 1.2%, while clothing and footwear prices edged down by 0.6%.

(Telegraf, 13.03.2023)

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