International Information Centre for Balkan Studies

MAT: April prices in Serbia highest in four years

June 7, 2021

Compared to the same month in 2020, economic activity in Serbia in April accelerated, but so did inflation, which was 1.1 percent, with the growth of current consumer prices the highest since 2017, the monthly Macroeconomic Analysis (MAT) said on Monday.

The April inflation in Serbia amounted to 2.8 percent year on year and approached the National Bank of Serbia (NBS) goal of three percent, below which it has been since May 2019.

„The growth of inflation in April was mostly due to the increase in the price of fresh vegetables by 18.5 percent, and all products from the consumer basket, food by 2.6 percent, energy cost due to the increase in the price of motor fuel by 0.6 percent and the hike of rental prices,“ MAT said.

In March this year, Serbia had lower year-on-year inflation than nine and in April than six European Union member states, MAT said.

In the same month, it added, The Netherlands had higher year-on-year inflation than Serbia (1.9 percent), Germany (2), Austria (2), Sweden (2.1), the Czech Republic (2.3), Luxembourg (2.5) and Romania. 2.5), Hungary (3.9) and Poland (4.4).

In April, The Netherlands, Germany and Austria reportedly joined EU countries with lower inflation than Serbia.

The EU countries with the April inflation higher than Serbia included Romania (2.7 percent), Sweden (2.8), the Czech Republic (3.1), Luxembourg (3.3), Poland (5.1) and Hungary (5.2).

Source:  https://rs.n1info.com/english/news/mat-april-prices-in-serbia-highest-in-four-years/

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