Serbia Inflation May 2019


Serbia: Inflation eases notably in May, returning below midpoint of Bank's target range

June 12, 2019

According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in May, contrasting the 0.7% increase registered in April. The dip came chiefly on the back of a sharp fall in prices for food and non-alcoholic beverages, and a minor dip in health costs.

Inflation decelerated to 2.2% in May from 3.1% in April, returning to the lower half of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation meanwhile was stable at 2.3% in May.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is unchanged from last month’s forecast, and to average 2.6% in 2020.

Author:, Economist

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Serbia Inflation Chart

Serbia Inflation May 2019 0

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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