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.
Author: Christopher Thomas, Economist