NBS: Serbian y-o-y inflation slowed down to 5.6 pct in February

BELGRADE - Quoting figures released by the national statistical office, the National Bank of Serbia (NBS) said on Tuesday Serbian y-o-y inflation had decelerated further, measuring 5.6 pct in February, in line with the its expectations.

"As in recent months, the key contribution to inflation slowdown came from the slackening growth in the prices of food and products and services within core inflation (CPI excluding food, energy, alcohol and cigarettes).

Monthly inflation amounted to 0.6 pct in February, led mainly by the higher petroleum product prices and the regular adjustment of cigarette prices to higher excise tax," the central bank said in a statement.

"The prices of food and non-alcoholic beverages edged up on average by 0.4 pct at the monthly level, with processed food prices rising by 0.5 pct and fresh vegetable prices by 2.9 pct, which is less than...

Continue reading on: