Serbia: Inflation eases in July
August 11, 2017
Consumer prices fell 0.4% from a month earlier in July, which contrasted June’s 0.2% rise. According to the Statistical Office, a sharp fall in food prices—due in part to the fading away of adverse weather-related factors from H1—along with lower prices for transportation, clothing and footwear drove the monthly decline.
Inflation fell to 3.2% in July from 3.6% a month earlier. Annual average inflation, on the other hand, climbed to a nearly three-year high 2.5% in July from 2.3% in June. Core inflation, which excludes volatile items including energy, food, alcohol and tobacco, edged down from 2.0% in June to 1.7% in July.
Author: Christopher Thomas, Economist