Serbia: Inflation decelerates sharply to over one-year low in June
July 15, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in June, matching the fall registered in May. The decline was driven by a fall in prices of food and non-alcoholic beverages; transport; communication; and household furnishing and maintenance.
Inflation eased notably to 1.5% in June from 2.2% in May, falling to an over one-year low and the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation also weakened to 1.4% in June from 1.5% in May. Annual average inflation meanwhile was stable at 2.3% in May.
Author: Lindsey Ice, Economist