Home   About Us   Contact   Communications   Archive
 
Information booklet on work of the SORS
 
Population
Census 2002
 


FAQs

Q: HOW IS THE INFLATION IN SERBIA CALCULATED?
A: Annual retail price indices in the Republic of Serbia are the most frequently used as the inflation rate. Percentage growth is computed as index value minus 100, and the coefficient growth when index is divided by 100.
Annual retail price indices in the Republic of Serbia
Previous year = 100
Years
Indices
Years
Indices
1960
106.6
1990
691.2
1961
106.2
1991
221
1962
107.6
1992
9350.4
1963
103.6
1993
108636349415883
1964
108.7
1994
71050620550
1965
128.5
1995
174.8
1966
123.4
1996
194.1
1967
107.4
1997
118.3
1968
104.6
1998
130
1969
107.3
1999
141.1
1970
110.2
2000
170
1971
116.5
2001
191.8
1972
115.6
2002
119.5
1973
118.4
2003
111.7
1974
125.6
2004
110.1
1975
124.8
2005
116.5
1976
109.4
2006
112.7
1977
113.3
2007
106.8
1978
113.5
   
1979
120.7
   
1980
130
   
1981
146.3
   
1982
128.4
   
1983
136.8
   
1984
158.3
   
1985
174.4
   
1986
187
   
1987
216.4
   
1988
295.1
   
1989
1367.3
   

 
Q: WHAT WAS THE INFLATION RATE IN 2005?
A: Annual inflation rate, measured by the retail price, from the beginning to the end of the year (December 2005 in relation to December 2004) was 17.7%.

Average annual inflation in 2005, measured by average annual growth of retail prices (average of 2005 in relation to average of 2004) was 16.5%.
 
Q: COULD YOU PLEASE EXPLAIN ME THE DIFFERENCE BETWEEN DOMESTIC PRODUCT AND GROSS DOMESTIC PRODUCT?
A: In the period of the last few years, the statistical system comprised two ways of macroeconomic aggregates computing:
the first way – narrower coverage - theoretically based on the concept of material production
the second way – broader coverage (internationally accepted) - system of national accounts.
Referring to the previously said, two main macroeconomic aggregates that reflect economic activity of a country are domestic product (material concept) and gross domestic product (system of national accounts). Domestic product covers only material production and services connected with it, while gross domestic product (not domestic product!), besides the mentioned, covers also non- material services, i.e. services in financial sector, health care sector, education, government organizations and institutions, etc.