Monday, August 4, 2025

Latest

Serbia Imposes Price Ceiling on Staple Grocery Items as Inflation Surges

Serbia has decided to impose price caps on staple grocery items, as global food inflation continues to accelerate and surpass the transitory narrative.

As reported by Bloomberg, the Serbian government has introduced a price ceiling effective for the next 60 days on various foods, including milk, flour, pork, sugar, and sunflower oil, and has threatened to penalize producers that restrict supplies. The country has faced an annual inflation rate of 6.6% in October— the highest in more than eight years— substantially impeding nominal wage increases and eroding at disposable income.

Serbia has also decided to extend contracts with power supply companies for an additional 30 days, which were otherwise slated to expire at the beginning of December. The country’s government is due to undergo elections come April 2022, and although President Aleksandar Vucic’s party is leading in the polls, the issue of rising food inflation threatens to add further pressure on the political campaign.

Global food prices have been sharply accelerating since the beginning of the pandemic, amid worsening supply bottlenecks, adverse climate effects, and labour shortages. The rapid rise in inflation has prompted some governments to impose protectionist measures, such as price ceilings and increased investment in domestic food production.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Are we Sleepwalking into a Food Crisis? Fertilizer Supply Shock Threatens to Shrink US Harvests

When it rains, it pours. Food shortages and subsequent inflation are about to get a...

Monday, April 18, 2022, 03:01:00 PM

Consumer Inflation Slowed in January, But Grocery Prices Continue to Skyrocket

As widely expected, Canadian consumer prices continued their decline in January— albeit thanks to the...

Tuesday, February 21, 2023, 08:45:46 AM

Milk Prices Set To Go Up Another 2.5% Due To Inflation

The Canadian Dairy Commission (CDC) has approved a second milk price increase this year to...

Thursday, June 23, 2022, 11:16:00 AM

Rio Tinto’s Not Having A Great Time In Serbia: Capital Erupts in Protest Over Controversial Lithium Mine

Tens of thousands of protesters flooded the streets of Belgrade, Serbia’s capital, on Saturday to...

Monday, August 12, 2024, 12:04:59 PM

Trucker Shortage Leading to Widespread Grocery Outages Across Canada

Grocery stores across Canada are beginning to showcase bare shelves, after a recently imposed vaccine...

Saturday, January 22, 2022, 01:14:00 PM