This year’s inflation in Serbia at 11.5%

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Inflation in Serbia reached 11.5% in 2010 – the Republic Statistics Institute (RSI) announced today.

Retail prices of goods and services in December grew by an average of 0.7% against the previous month.

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As the Institute (www.stat.gov.rs) announced, retail prices in December were 11.5% higher than in the same month last year.

Living expenses in Serbia were 0.7% higher than in November and 10.4% higher than in December 2009.

A difference between inflation and living expenses, as the RSI points out, is a consequence of a different influence of the growth of prices of certain products on formation of these indexes.

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The data for the Province of Kosovo and Metohia are not available to the Republic Statistics Institute of Serbia since 1999.

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