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Serbia Inflation Slows Further in November

Figures

The annual inflation rate in Serbia eased to a nearly two-year low of 8% in November from 8.5% in October, the Belgrade-based Central Statistics Office (RBS) said citing a notable slowdown in food prices (9.3% vs. 10.5%).

There was also a drop in cost of transportation (-0.6%vs 1.8% in the previous month) and moderate deceleration in cost of communication (0.7% vs 1%), recreation & culture (8.7% vs 9%), and miscellaneous goods (7.4% vs 7.9%).

On the other hand, inflation accelerated for housing & utilities (13% vs 10.7%), alcoholic beverages, tobacco & narcotics (9.2% vs 8.7%), and health (9% vs 8.6%).

Compared to the previous month, the consumer price index (CPI) rose by 0.5%, above the 0.3% increase in the prior month 

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