Year-on-Year Inflation in May at 14.8%

Prices of goods and services used for personal consumption in May 2023 in relation to April 2023 increased by 0.9% on average. Consumer prices in May 2023 increased by 14.8% in relation to May 2022. Consumer prices in May 2023 in relation to December 2022 increased by 5.3%, on average, according to the website of the Statistical Office of the Republic of Serbia.

Observed by main groups according to the destination of consumption in May 2023 in relation to the previous month, increase of prices was noted in the groups Housing, water, electricity, gas and other fuels (2.6%), Clothing and footwear (1.7%), Food and non-alcoholic beverages (1.4%), Restaurants and hotels (1.3%), Furnishings, household equipment and routine household maintenance (1.0%), Health (0.7%), Alcoholic beverages and tobacco (0.4%) and Recreation and culture (0.3%).

Decrease of prices was noted in the groups Transport (-1.7%) and Communication (-0.1%).

Prices of other goods and services mostly remained unchanged.

Republički zavod za statistiku

Statistical Office of the Republic of Serbia

consumer prices

price growth

year on year inflation

month on month inflation

inflation