Serbia Inflation May 2017

Serbia

Serbia: Inflation dips from April's over three-year high in May

June 12, 2017

Consumer prices fell 0.5% from a month earlier in May, which contrasted April’s 0.8% rise. According to the Statistical Office, lower food prices drove the monthly decrease. Meanwhile, prices for housing, water, electricity and gas edged down for another month.

Inflation fell from 4.0% in April—which had marked the highest reading since September 2013—to 3.5% in May. On the other hand, annual average inflation climbed to an over two-year high 2.1% in May from 1.8% in April. Core inflation, which excludes volatile items including energy, food, alcohol and tobacco, inched up to 2.2% in May from 2.0% in April.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.2% in 2017, which is up 0.2 percentage points from last month’s forecast. For 2018, the panel sees inflation rising to 3.1%.


Author:, Economist

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Serbia Inflation May 2017

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


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