Serbia’s inflation rate falls in January

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Serbia's consumer price inflation rate slowed to 1.1% in January, the lowest since last May, figures from the Statistical Office of Serbia (SORS), showed on Monday.

Prices rose for food and non-alcoholic beverages by 0.4% year-on-year in January, and increased for alcoholic beverages and tobacco by 5.2%. Cost for recreation and culture added 4.6%, and jumped 7.8% for communication. In addition, prices for miscellaneous goods and services advanced 1.2%, and cost also grow for housing and utilities by 2.9%.

At the same time, transport cost fell 4.5%. On a monthly basis, consumer prices increased 0.4% in January. In a separate report, the Belgrade-based agency said that Serbia's producer prices dropped 1.9% from a year earlier in January, due to lower cost for energy. On a monthly basis, producer prices advanced 1.4%.

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