NBS: June inflation due to food price hikes

Consistent with the National Bank of Serbia (NBS) expectations, the year-on-year inflation continued up and reached 5.5 percent in June, the central bank said.

Izvor: Tanjug

Thursday, 12.07.2012.

17:05

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BELGRADE Consistent with the National Bank of Serbia (NBS) expectations, the year-on-year inflation continued up and reached 5.5 percent in June, the central bank said. The increase was "chiefly due to food price hikes", it was announced on Thursday in Belgrade. NBS: June inflation due to food price hikes According to the NBS estimate, a moderate rise in year-on-year inflation will continue in the coming period, primarily reflecting the base effect of low monthly rates from mid-2011, the expected rise in administered prices and current agricultural product prices. According to the Statistical Office data published earlier in the day, consumer prices rose 1.1 percent in June. Tanjug

NBS: June inflation due to food price hikes

According to the NBS estimate, a moderate rise in year-on-year inflation will continue in the coming period, primarily reflecting the base effect of low monthly rates from mid-2011, the expected rise in administered prices and current agricultural product prices.

According to the Statistical Office data published earlier in the day, consumer prices rose 1.1 percent in June.

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