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