food prices growth

Serbia faces inflation surge with coffee and confectionery prices driving the increase

Inflation in Serbia reached 4.6 percent in January 2024 compared to the same month last year, with coffee and confectionery being the primary contributors to the increase. Specifically, confectionery prices rose by 15.1 percent and coffee by 12.6 percent year-over-year. According to data from the Republic Institute of Statistics (RZS), food prices overall increased by 3.6 percent in the past year. The largest price hikes occurred in two product categories: sugar, jam, honey, and chocolate, with an increase of 15.1…