Serbia’s consumer prices rose by 15.8% in January compared to the previous year, after increasing by 15.1% the month before, the statistical office said on Monday.

Compared to December 2022, Serbia’s consumer price index (CPI) went up 1.4% in January, after rising by 0.5% in December, 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, of 23.7%, followed by housing, water and energy (+23%) and restaurants and hotels (+22.1%). On a monthly comparison basis, prices of housing, water and energy rose by 3.5% in January. The prices of alcoholic beverages and tobacco rose by 2.5%, food and non-alcoholic beverages were more expensive by 1.6%, while transport prices fell by 0.6%.

Source: SeeNews, Momentum