Serbia's inflation increased 12.8% y/y in July

Serbia's consumer prices increased 12.8 percent year-on-year in June, after rising 11.9 percent the month before, according to the country's statistical office. On a monthly comparison basis, Serbia's consumer price index went up 1 percent in July, after adding 1.6 percent in June.

In July, the biggest price increase in annual terms were in the group of food and non-alcoholic beverages (19.7 percent), transport (18.9 percent), furnishings, household equipment and household maintenance (12.1 percent), and restaurants and hotels (11.9 percent).

On monthly terms, the prices of recreation and culture grew 3.2 percent, transport went up 2.3 percent, the prices of alcoholic beverages and tobacco increased by 2 percent, housing, water, electricity, gas and other fuels added 1.9 percent, whereas prices of furnishings, household equipment and household maintenance increased by 1.5 percent.