Photo: Tanjug/Strahinja AćimovićAccording to the data of the Republic Institute of Statistics, the prices of dairy products, vegetables, meat, household electricity, bread, cereals and firewood rose the most.
Inflation in the first half of this year, compared to the same period last year, is 15,3 percent, announced the Republic Institute of Statistics.
According to the institute's data, the prices of dairy products, vegetables, meat, household electricity, bread and cereals, and solid fuels (firewood) increased the most.
Serbian President Aleksandar Vučić previously stated that he expects inflation to fall below nine percent by the end of the year.
"Inflation has started to fall, from 13,7 to 12,5 percent, and it is planned to end at less than nine percent by the end of the year," Vučić said at a press conference in early August.
As one of the ways to fight against inflation, the state launched the "Better Prices" actions, within which the prices of 36 products were reduced.
Finance Minister Siniša Mali said that inflation will be eight percent by December, and will reach an average of 4,9 percent next year.
Questionable effects of state measures
However, economists point out that the effects of these reductions on inflation are questionable, to say the least.
Economist Saša Đogović noted that any reduction can lead to an easing of price pressure, but reductions to this extent cannot cure inflation, which reached 12,5 percent in July, while only food was 21 percent more expensive than in the same month of the previous year. .
In addition to all that, it has already been announced that gas will be 10 percent more expensive from November 1, and electricity could also become more expensive from that date.
Dairy products, vegetables, meat, bread and cereals contributed 36,6 percent to the increase in prices, the statement added, and it is stated in the publication "Trends II quarter 2023" published by the Republic Institute of Statistics (RZS).
As it is added, the price of dairy products increased the most (39,1 percent) due to the increase in the price of yogurt and sour milk, fresh cheese and plain milk. They participated in the overall structure of the growth rate of consumer prices in the first half of 2023 with 13,1 percent.
The year-on-year increase in the price of vegetables of 30,7 percent, as it is emphasized, was determined by the price of onions, potatoes, peppers, tomatoes and carrots.
The increase in the price of meat of 18,4 percent was mostly influenced by the increase in the prices of pork, bacon, beef and beef, sausages and chicken fillet. Their total participation in the structure of the annual growth rate of meat prices in the first half of 2023 amounted to 48,6 percent.
The year-on-year increase in the prices of bread and cereals (of 21,8 percent) was mostly generated by the increase in the prices of white bread, salty snacks, burek, salty pies and cakes.
Household electricity and solid fuels - firewood had a share in the annual growth rate of consumer prices in the first half of 2023 of 13,1 percent. The year-on-year price growth of the energy group in the first half of 2023 was 13,6 percent.
"This growth was mostly generated by the increase in the price of electricity for households and the price of firewood," the announcement added.
The price of electricity for households has been increased twice since the beginning of 2023 (in January and May), which affected the annual growth in the first half of 2023 to be 21,4 percent and by participating in the growth rate structure of the overall consumer price inflation of 7,2 percent.
In the structure of the interannual growth rate of the price of solid fuels (37,8 percent), the growth of the price of firewood accounted for 71,0 percent of the total annual growth of the rate of solid fuels, while the rest was made up of the price of brown coal, lignite and the prices of coal transportation and wood cutting services .
BG/New economy
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