Serbia's restaurant, hotel prices rise 9.3% y/y in Jan

In annual terms, the cost of non-alcoholic beverages marked the highest increase, of 10.9%, in the first month of the year, followed by the cost of food with a 9.4% rise, the statistics office said in a statement earlier this week.

In monthly terms, prices of overnight accommodation rose most, by 3%, in January.

In December, Serbia's restaurant and hotel prices increased 8.5% on the year and were 0.4% higher than in November. Prices in the hospitality sector went up by an average 14.2% in 2023.

Serbia restaurant and hotel prices (pct change):