Serbia Inflation February 2016

Serbia

Serbia: Inflation eases in February

March 11, 2016

In February, consumer prices decreased 0.1% over the previous month, which contrasted the 0.6% increase seen in January, which had marked the highest reading in five months. According to the Statistical Office of the Republic of Serbia (SORS), February’s print mainly reflected a decrease in prices for transport as well as for food and non-alcoholic beverages.

Inflation in February eased from 2.4% in January to 1.5%, thus hitting a three-month high. Annual average inflation was stable at January’s 1.6%.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, decreased from 2.0% in January to 1.7% in February.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.8% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 3.3%.


Author:, Senior Economist

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Serbia Inflation February 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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