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.
Author: Dirina Mançellari, Senior Economist