Serbia: Inflation declines to lowest level since August 2022 in June
Inflation came in at 13.7% in June, down from May’s 14.8%. June’s result represented the lowest inflation rate since August 2022. The deceleration was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities.
The trend pointed up slightly, with annual average inflation coming in at 14.7% in June (May: 14.6%). Meanwhile, harmonized inflation fell to 9.9% in June, from the previous month’s 14.5%.
Lastly, consumer prices rose 0.72% from the previous month in June, following May’s 0.88% increase.