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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.

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

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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.

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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