Serbia: Inflation unchanged in December
Latest reading: Inflation held steady at November’s 4.3% in December. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a weaker pace in December. In contrast, prices for transportation increased at a quicker rate.
Annual average inflation fell to 4.7% in December (November: 4.9%). Meanwhile, core inflation edged down to 5.3% in December from the previous month’s 5.4%.
Finally, consumer prices rose 0.14% from the previous month in December, coming in below the 0.29% rise recorded in November. December’s result marked the softest rise in prices since June.