Serbia Inflation June 2019


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.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is unchanged from last month’s forecast, and to average 2.6% in 2020.

Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Serbia? Download a sample report now.


Serbia Inflation Chart

Serbia Inflation June 2019

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Statistical Office of the Republic of Serbia (SORS)

Serbia Economic News

More news

Search form