Serbia’s consumer prices rose by 12.5% in July, after increasing by an annual 13.7% the month before, the statistical office said on Friday.

On a monthly comparison basis, Serbia’s consumer price index (CPI) went down by 0.1% in July, after rising by 0.7% in June, the statistical office said in a monthly inflation report.

The biggest price increases in annual terms were observed in the sector of food and non-alcoholic beverages, by 20.4% followed by housing, water and energy, 19.6%, and restaurant and hotel services, 19.5%.

On a monthly comparison basis, prices of recreation and culture activities increased by 3.4% in July. Alcoholic beverages and tobacco added 1.7%, household equipment and maintenance rose by 0.9% and restaurants and hotels went up by 0.7%.

Source: SeeNews, Momentum