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. 

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