The Statistical Office (RZS) data for February shows that prices of products and services increased by 0.7 percent on average compared to January.

Year-on-year, consumer prices in February 2017 increased by 3.2 percent, while compared to December 2016, the figure was 2.2 percent, the Serbian government has announced.

Broken down by groups, the increase in prices from January to February 2017 was as follows: food and non-alcoholic beverages (1.6%), housing, water, electricity, gas and other fuels (1.3%), transport (1.2%), alcoholic beverages and tobacco (0.5%), restaurants and hotels (0.3%) and education (0.1%).

Prices decrease in clothing and footwear (-2.2%), recreation and culture (-0.6%), communication (-0.3%) and health (-0.1%).

CPI COICOP is defined as a measure of average change of retail prices of goods and services used for personal consumption.