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Serbia records 0.4% deflation in October
Belgrade,
31 October 2006
Director of the Serbian Statistics Office Dragan Vukmirovic announced today that Serbia recorded a 0.4% deflation in October, whilst inflation in the first ten months of the year amounted to 5.6%.
Vukmirovic told a press conference that retail prices in October fell by 0.4 % compared to the previous month whereas compared to December 2005, retail prices increased by 4.8%.
The prices of agricultural products in October saw a 3.9% decrease, he said and added that industrial non-food products decreased by 1.7% on average, which was largely due to reduction of oil prices.
Serbia’s overall external trade in the January-September 2006 period amounted to $13.78 billion, which was a 28.9% increase compared with the same period of 2005, he said.
The value of exports amounted to $4.5 billion, which was a 40.3% increase when compared with the same period last year, while the value of imports amounted to $9.27 billion, which was a 24.0% increase relative to the same period last year, Vukmirovic said.
The deficit for the January-September 2006 period amounted to $4.75 billion, which was a 11.6% increase compared with the same period last year.
The Export-import ratio stood at 48.7% and was 43% higher compared with the same period last year, Vukmirovic said.
The major foreign trade partners in exports were Italy ($638.3 million), Bosnia-Herzegovina ($528.6 million) and Montenegro ($468.5 million) whereas major foreign trade partners in imports were the Russian Federation ($1.53 billion), Germany ($887.2 million) and Italy ($771.8 million), according to Vukmirovic.
The prices of agricultural products in October saw a 3.9% decrease, he said and added that industrial non-food products decreased by 1.7% on average, which was largely due to reduction of oil prices.
Serbia’s overall external trade in the January-September 2006 period amounted to $13.78 billion, which was a 28.9% increase compared with the same period of 2005, he said.
The value of exports amounted to $4.5 billion, which was a 40.3% increase when compared with the same period last year, while the value of imports amounted to $9.27 billion, which was a 24.0% increase relative to the same period last year, Vukmirovic said.
The deficit for the January-September 2006 period amounted to $4.75 billion, which was a 11.6% increase compared with the same period last year.
The Export-import ratio stood at 48.7% and was 43% higher compared with the same period last year, Vukmirovic said.
The major foreign trade partners in exports were Italy ($638.3 million), Bosnia-Herzegovina ($528.6 million) and Montenegro ($468.5 million) whereas major foreign trade partners in imports were the Russian Federation ($1.53 billion), Germany ($887.2 million) and Italy ($771.8 million), according to Vukmirovic.
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