Serbia's consumer price inflation speeded up to 2.2% y/y in December 2013 from 1.6% y/y a month earlier on a faster growth in communication charges while food and transport prices fell at a weaker pace, the statistics office said in a statement. The annual CPI inflation stayed below the lower bound of the central bank’s (NBS) target tolerance band of 2.5-5.5%, for a third straight month helped by weak domestic demand.
In monthly terms, the CPI edged up 0.2% in December, versus a 0.6% fall in November.
Food and non-alcoholic beverages prices shrank for the third month in a row in December but the fall softened to 2.5% from 4.3% y/y in November. Transport charges also eased their annual decline to 1.2% in December from 2% the month before.
Housing, water, electricity, gas and other fuel prices rose 7.4% y/y in December, after a 7.9% rise in November. Furnishings and household equipment prices grew 3.8% y/y in December, likewise, easing from 4.8% y/y in November. Alcoholic beverages and tobacco charges y/y growth stayed at 10.5% for the second month in a row in December. The annual growth in communication charges quickened to 5.5% in December from 4.8% in November.
|Dec-13 y/y change||Nov-13 y/y change||Dec-13 m/m change|
|Food and non-alcoholic beverages||-2.5||-4.3||0.3|
|Alcoholic beverages, tobacco and narcotics||10.5||10.5||0.3|
|Clothing and footwear||0.5||0.1||1.1|
|Housing, water, electricity, gas and other fuels||7.4||7.9||-0.1|
|Furnishings, household equipment and routine household maintenance||3.8||4.8||0.1|
|Recreation and culture||5.4||5.6||0.0|
|Restaurants and hotels||7.9||8.7||0.1|
|Source: Statistics office|
A former head of Belgrade’s Airport Nikola Tesla (ANT) — identified only by the initials V. R. — has been arrested as part of a corruption investigation, the Ministry of Interior Affairs (MUP) ... more
Macedonia’s Public Prosecutor's Office said on December 1 it has discovered the biggest laboratory producing synthetic drugs in Southeast Europe in the northwestern city of Tetovo. The lab, ... more
Serbia’s second largest airport, Constantine the Great Airport in Nis, broke its record for passenger numbers on November 28, announcing the following day that 300,000 ... more