Serbia’s PPI inflation eases to 4.3% y/y in June 2013.

By bne IntelliNews July 5, 2013

Serbia's industrial producer price growth on the domestic market cooled to 4.3% y/y in June 2013 from 5.1% the month before, due mainly to slower manufacturing producer prices growth, the statistics office said. In monthly terms, the PPI posted zero growth in June, same as a month earlier. Compared to the 2012 monthly average, it was up 3.3 %, the office stated.

Manufacturing prices rose 4.3% y/y in June, retreating from 5.3% a month earlier on the back of falling basic metals, electrical equipment and motor vehicles producer costs. Slower food and beverages prices growth also pushed the overall PPI inflation down.

Prices in the mining and quarrying sector climbed 13.2% y/y in June, speeding up from 12.9% in May, due to slower y/y contraction of petroleum and natural gas and coal and lignite extraction charges. Utilities prices inched up 1.1% y/y in June, the same as the month before. Prices of water supply, sewerage and waste management rose 20.7% y/y in June, easing from 21.6% in May.

Data on Serbia's broader industrial producer price index, which includes domestic and export sales, will be published on July 8.


Related Articles

KKR's United Group to invest €293mn in Serbia within next five years

United Group, a leading multi-play (Pay-TV, Broadband, Telephony, Mobile) operator in Southeast Europe, majority owned by US private equity firm Kohlberg Kravis Roberts (KKR), plans to invest ... more

Serbia’s central bank cuts key policy rate to 3%

The National Bank of Serbia (NBS) executive board decided to cut the key policy rate again on April 12 to 3%. The bank previously cut the rate to ... more

UN court sentences far-right Serbian politician Vojislav Seselj for war crimes and crimes against humanity

Serbian far-right leader Vojislav Seselj was sentenced on April 11 to 10 years in prison for war crimes and crimes against humanity committed during the civil war caused by the breakup of Yugoslavia ... more