Serbia: Inflation declines in September mainly on lower prices for transport
October 12, 2015
In September, consumer prices were flat over the previous month. The print was down from August’s 0.9%, which had marked a 19-month high due to a hike in prices for electricity. According to the Statistical Office of the Republic of Serbia (SORS), September’s print mainly reflected that an increase in prices for education, food and non-alcoholic beverages and restaurants and hotels was offset by lower costs for recreation and culture, transport and communication.
Inflation fell from August’s 2.1% to 1.4% in September. Consequently, the overall trend pointed downward in September, with annual average inflation inching down from 1.6% in August to 1.5%.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched down from August’s eight-month high of 2.2% to 2.1% in September.