A comparative analysis of market price of selected products between the Višegrad group countries and Serbia

Abstract

The paper provides a comparative analysis of the prices of selected food products within the Višegrad group and Serbia. The aim was to analyze the prices of basic food products in V4 countries based on the available data, so that they could be compared with the prices of identical products in Serbia. The main aim was to find out the reasons and causes of dynamics of price trends, as well as to identify factors which are responsible for similar or different changes in the price of certain food products within the defined time period for countries of the selected sample. We also compared the selected product prices to the total average income of residents in the observed countries. It was concluded that Serbia has the lowest prices compared to other countries, but relatively the highest prices of selected food products in relation to the average income of its residents.

Keywords

• comparative analysis
• market price
• food products
• Višegrad Group
• Serbia