Serbia: Inflation drops is September
October 12, 2016
In September, consumer prices dropped 0.6% over the previous month, which contrasted the 0.9% increase in August, the lowest reading in over a year. According to the Statistical Office of the Republic of Serbia (SORS), September’s print mainly reflected lower prices for food and non-alcoholic beverages.
Inflation dropped from 1.2% in August to 0.6% in September. Moreover, annual average inflation was 1.1% in September, which was slightly down from August’s 1.2%.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, decreased from 1.8% in August to 1.6% in September.