Serbia: Inflation Increases Again

BusinessEconomy ♦ Published: January 14, 2013; 11:29 ♦ (Vindobona)

In December, the inflation in the Republic of Serbia was up again. The yoy inflation rate remains high.

Serbia: Inflation Increases Again / Picture: ©

The Serbian Statistical Office data show a drop in consumer prices of 0.4% in December 2012. Consistent with the National Bank of Serbia’s expectations, after falling in November, year-on-year inflation picked up again in December to reach 12.2%.

Monthly deflation in December 2012 is due to a fall in prices of fresh meat, fruits and vegetables and petroleum products. Despite…

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