Serbia Inflation September 2016


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.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.5% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 2.7%, which is also unchanged over the previous month’s estimate.

Author: Jean-Philippe Pourcelot, Economist

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Serbia Inflation Chart

Serbia Inflation September 2016

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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