Serbia: Inflation eases in September
October 11, 2019
Consumer price fell 0.5% over the prior month in September, following flat growth in August. The decline was driven by lower prices for food and non-alcoholic beverages; clothing and footwear; and transportation.
Inflation decelerated to 1.1% in September from 1.3% in August, moving further below the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.3% from 1.5%, while annual average inflation softened to 2.1% from 2.2%.
Author: Lindsey Ice, Economist