Q:
A:
December prices down 1%
Belgrade,
31 December 2008
The Serbian Statistics Office today stated that the retail prices of services and goods in December 2008 went down on average by 1%, compared to the previous month.
Namely, goods reduced in price by 1.5%, while services went up by 0.2%.
In December 2008, compared to December 2007, retail prices rose by 6.8%. The average annual growth of retail prices in 2008 stands at 10.9%.
Living costs in December went down 0.8% compared with the previous month.
Living costs in December 2008 increased by 7.9% on average compared to December 2007, while the average growth of living costs this year stands at 13.5%.
The difference between the retail price index and the consumer price index was a result of the various influences that the rise in prices of particular items had on these indices.
By groups, compared with the previous month, the prices of agricultural products increased by 0.3%. The increase was due to the seasonal shift in the price of vegetables, fruit, eggs and fish.
The price of industrial food products went down by 0.3% on average.
There has also been a fall in the price of fresh meat, milk and cooking oil.
The prices of beverages went up by 1% on average, while the price of tobacco remained the same.
The price of industrial non-food products were down by 2.8% on average. The prices in this group were affected by the decrease in the price of oil derivatives. The prices of other products did not change significantly.
The price of services increased by 0.2% on average.
In December 2008, compared to December 2007, retail prices rose by 6.8%. The average annual growth of retail prices in 2008 stands at 10.9%.
Living costs in December went down 0.8% compared with the previous month.
Living costs in December 2008 increased by 7.9% on average compared to December 2007, while the average growth of living costs this year stands at 13.5%.
The difference between the retail price index and the consumer price index was a result of the various influences that the rise in prices of particular items had on these indices.
By groups, compared with the previous month, the prices of agricultural products increased by 0.3%. The increase was due to the seasonal shift in the price of vegetables, fruit, eggs and fish.
The price of industrial food products went down by 0.3% on average.
There has also been a fall in the price of fresh meat, milk and cooking oil.
The prices of beverages went up by 1% on average, while the price of tobacco remained the same.
The price of industrial non-food products were down by 2.8% on average. The prices in this group were affected by the decrease in the price of oil derivatives. The prices of other products did not change significantly.
The price of services increased by 0.2% on average.
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