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.