Serbian March inflation at 16.2 pct y-o-y

BELGRADE - Serbian March inflation was 0.9 pct m-o-m and 16.2 pct y-o-y, with food and energy price increases still accounting for about two thirds of headline inflation, the National Bank of Serbia (NBS) said.

In a statement, it said m-o-m and y-o-y inflation in March was "in line with NBS projections for Q1."

"Similarly to the previous month, the monthly inflation path was marked notably by rising food prices and, to a lesser extent, price increases within core inflation. Around two thirds of contribution to headline inflation still relate to food and energy price growth," it said.

"In March, processed food prices picked up 0.8 pct relative to February, which is smaller growth compared to previous months.

Unprocessed food prices were up 3.8 pct, led by higher vegetable prices. Y-o-y, in March the prices of food and non-alcoholic beverages rose by 25.4...