price hikes

Inflation surges to 4.3% in July: Serbia faces price hikes and economic pressures

Inflation in Serbia spiked to 4.3% in July 2024, marking the first year-on-year increase since March 2023. This rise follows a period of declining inflation, and the National Bank of Serbia (NBS) attributed it to temporary price hikes in certain food products and services with regulated prices. According to the NBS, these price increases are largely due to global market fluctuations and rising raw material costs. However, a report from the Republic Institute of Statistics highlights significant price hikes in…