Serbia: Inflation eases further in March
April 19, 2016
In March, consumer prices decreased 0.1% over the previous month, which met the previous month’s drop. According to the Statistical Office of the Republic of Serbia (SORS), March’s print mainly reflected a decrease in prices for transport as well as for food and non-alcoholic beverages.
Inflation in March eased from 1.5% in February to 0.6%, thus hitting the lowest reading in over a year. Annual average inflation inched down from 1.6% in February to 1.5% in March.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, was stable in March at February’s 0.7%.
Author: Dirina Mançellari, Senior Economist