Serbia Producer Inflation Slows in December

Figures

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Serbia's industrial producer prices on the domestic market rose by 10.6% year-on-year in January, after growing by an annual 13.3% in December, the Belgrade-based Serbian Statistical Office (RBS) said on Wednesday.

Cost grew slower for manufacturing (5.5% vs 6.1% in December), primarily manufacture of coke & refined petroleum products (24.1% vs 42.2%), wood & wood products (26.2% vs 31.9%), paper & paper products (21% vs 28%), and chemical & chemical products (7.3% vs 16.4%).

At the same time, it declined at a softer pace for mining & quarrying (-10.1% vs 12.4%). By contrast, the cost of electricity, gas, steam and air conditioning supply (6.6% vs 4%) and water supply (8.6% vs 4.6%) advanced further.

On a monthly comparison basis, the industrial producer price index (PPI) on the domestic market increased by 0.7% in January, after decreasing by 1.9% in December.

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