Serbia Inflation July 2018


Serbia: Inflation edges higher in July

August 13, 2018

Consumer prices declined 0.3% from the previous month in July, contrasting June’s 0.4% increase. According to the Statistical Office of the Republic of Serbia, lower prices for food and non-alcoholic beverages; and clothing and footwear drove the decline.

Inflation increased from 2.3% in June to 2.4% in July, within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation was unchanged at 2.3%.

Serbia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2018, which is unchanged from last month’s forecast. They see inflation averaging 3.0% in 2019.


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Serbia Inflation Chart

Serbia Inflation July 2018

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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