Consumer prices in Serbia increased 2.4 percent year-on-year in January of 2017, following a 1.6 percent rise in December and above market expectations of 1.8 percent. It was the highest inflation rate since January 2016, boosted by cost of food and non-alcoholic beverages (1.2 percent from 0.4 percent in December); transport (5.8 percent from 3.2 percent); housing (1.4 percent from 1.3 percent); furnishings (1.7 percent from 1.2 percent); restaurants and hotels (1.3 percent from 0.9 percent) and health (2.1 percent from 1.8 percent). On a monthly basis, consumer prices jumped 1.4 percent. Inflation Rate in Serbia averaged 6.37 percent from 2007 until 2016, reaching an all time high of 14.90 percent in June of 2008 and a record low of 0.10 percent in January of 2015.
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In Serbia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (32.1 percent of total weight). Housing and Utilities accounts for 13.7 percent; Transport for 12.7 percent; Alcoholic beverages and Tobacco for 7.3 percent; Recreation and Culture for 5.6 percent and Communication for 5.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Clothing and Footwear; Restaurants and Hotels and Education account for the remaining 23.5 percent of total weight. This page provides – Serbia Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Inflation Rate – actual data, historical chart and calendar of releases – was last updated on February of 2017.