Variations in the inflation movement caused by the volatility of food prices in the Republic of Serbia
2025
Radukić, Snežana | Petrović-Ranđelović, Marija | Popović, Žarko
In recent years, inflation caused by rising food prices has become a global chal lenge. Various crises have influenced the historical instability of food and energy prices. The rise in inflation was caused by rising demand for goods, reduced inventories, and monetary and fiscal measures that put pressure on prices. There are significant variations in the inflationary movement of food prices, and in the long term, volatility in the prices of food and agricultural products can be observed. As a cumulative impact of crises of various causes on the global econ omy, the peak of food inflation in Europe was in March 2023 (17.5% in the euro zone). In middle-income and developing countries, inflation poses an even greater challenge as consumers spend a greater proportion of their income on food. Disruptions in the global food market also affected domestic inflation in Serbia through import inflation. Therefore, the goal of the paper is to determine the impact of food price growth on inflation in the Republic of Serbia.
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Información bibliográfica
Editorial Institute of Agricultural Economics, Belgrade, Serbia
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