Serbia inflation rate climbs further in May

Figures

Serbia's annual inflation rate climbed to 10.4% in May from 9.6% in the previous month, data from the Belgrade-based Central Statistical Offices (SORS) showed on Monday.

It was the highest reading since April of 2013.

Prices for food and non-alcoholic beverages increased 16% year-on-year in May while the same for transport rose 15.7%.

Additionally, cost for housing and utilities added 6.7% and prices for furnishings and household maintenance advanced by 10.1%.

Prices for recreation and culture gained 5.9% and prices for clothing and footwear went up by 3.7%.

On a monthly comparison basis, consumer prices went up by 1.2%, slowing from a 1.5% increase in the prior month. 

ADVERTISEMENT

Annual Inflation Hits 23-Year High in May Analysis

Annual Inflation Hits 23-Year High in May

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.