Serbia Inflation Rate Falls on Year but up in Month in August
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Serbia's consumer prices rose by 11.5% year-on-year in August, after increasing by an annual 12.5% the month before, the Belgrade-based Serbian Statistical Office (RBS) said on Tuesday.
Prices for food & non-alcoholic beverages increased 16.9% (vs 20.4% in July) for housing & utilities 15.8% (vs 19.6%), for furnishings, household equipment & routine household maintenance 15.8% (vs 16.9%) and for alcoholic beverages, tobacco & narcotics 8.4% (vs 8.5%).
Prices also rose at a softer pace for communication (1.6% vs 1.8%), restaurants & hotels (18.7% vs 19.5%), education (2.5% vs 2.6%) and miscellaneous goods & services (11.7% vs 12.7%).
On the other hand, costs rebounded for transportation (0.2% vs -4.9%) and accelerated for clothing & footwear (9.8% vs 9.4%) and recreation & culture (9.4% vs 9.2%).
On a monthly basis, consumer prices rose 0.4% in August, following a 0.1% fall in the previous month.
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