Q:
A:
Average 2008 consumer goods price growth rate 11.7%
Belgrade,
15 January 2009
The Serbian Statistics Office stated today that the retail prices of services and goods in December 2008 went down on average by 0.9%, compared to November 2008.
Consumer goods prices went up by 8.6% in December 2008 compared to December 2007, while the average consumer goods price growth rate in 2008 stood at 11.7%.
By classification groups, compared with the previous month, the largest price hike was recorded in the restaurant and hotel group (0.7%), while the prices of garments and footwear went up 0.6%. The cost of housing, water, electricity, gas and other heating sources went up 0.3%. The prices of services related to recreation and cultural activities went up by 0.3%, while food and non-alcoholic beverages and transport prices fell by 1.6% and 4.4% respectively.
The prices of other goods and services did not change significantly.
The Consumer Price Index (CPI) is a special retail prices index calculated according to the methodology harmonised with recommendations for retail prices index calculation in the EU (Harmonised Price Index).
The CPI is defined as a measure of the average change in retail prices of goods and services used for personal consumption.
By classification groups, compared with the previous month, the largest price hike was recorded in the restaurant and hotel group (0.7%), while the prices of garments and footwear went up 0.6%. The cost of housing, water, electricity, gas and other heating sources went up 0.3%. The prices of services related to recreation and cultural activities went up by 0.3%, while food and non-alcoholic beverages and transport prices fell by 1.6% and 4.4% respectively.
The prices of other goods and services did not change significantly.
The Consumer Price Index (CPI) is a special retail prices index calculated according to the methodology harmonised with recommendations for retail prices index calculation in the EU (Harmonised Price Index).
The CPI is defined as a measure of the average change in retail prices of goods and services used for personal consumption.
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