Serbia Inflation


Serbia: Inflation drops in July

August 12, 2015

In July, consumer prices fell 0.9% over the previous month. The print contrasted June’s 0.5% increase and marked an 84-month low. According to the Statistical Office of the Republic of Serbia (SORS), the print mainly reflected lower prices for food and non-alcoholic beverages as well as for clothing and footwear.

Inflation declined from June’s 1.9% to 1.0% in July, which marked a five-month low. The overall trend moderated in July, with annual average inflation inching down from 1.6% in June to 1.5%, which represented the lowest print since the current series began in 2007.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 2.6%, which is down 0.6 percentage points from last month’s forecast. For 2016, the panel sees inflation at 4.2%.

Author: Ricard Torné, Lead Economist

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Serbia Inflation Chart

Serbia Inflation July 2015

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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