Year-on-year inflation reaches 14.7 percent

The inflation in Serbia reached 14.7 percent in April 2011 compared to the same month in 2010, announced the state statistical office, RZS.

Izvor: Tanjug

Friday, 13.05.2011.

16:51

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The inflation in Serbia reached 14.7 percent in April 2011 compared to the same month in 2010, announced the state statistical office, RZS. Measured by the consumer price index, inflation totaled 1.1 percent compared to the previous month, and 6.7 percent in the first four months of the year, the RZS said previously. Year-on-year inflation reaches 14.7 percent The biggest rise was seen in the prices of housing (5.7 percent), transportation (1.5 percent), healthcare (1.2 percent), clothing and footwear (0.6 percent), while the prices of alcohol and tobacco dropped 1.6 percent. The prices of products and services in the groups food and non-alcoholic beverages, communication and education stayed the same in April compared to March, and the cost of other products and services did not change significantly. According to the forecast of the National Bank of Serbia (NBS), inflation is "nearing its peak and is expected to start easing off in June". The central bank's target inflation rate for the end of 2011 is 4.5 plus or minus 1.5 percent, and four plus or minus 1.5 percent for the end of 2012.

Year-on-year inflation reaches 14.7 percent

The biggest rise was seen in the prices of housing (5.7 percent), transportation (1.5 percent), healthcare (1.2 percent), clothing and footwear (0.6 percent), while the prices of alcohol and tobacco dropped 1.6 percent.

The prices of products and services in the groups food and non-alcoholic beverages, communication and education stayed the same in April compared to March, and the cost of other products and services did not change significantly.

According to the forecast of the National Bank of Serbia (NBS), inflation is "nearing its peak and is expected to start easing off in June".

The central bank's target inflation rate for the end of 2011 is 4.5 plus or minus 1.5 percent, and four plus or minus 1.5 percent for the end of 2012.

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