Serbia Inflation June 2018

Serbia

Serbia: Inflation edges higher in June

July 12, 2018

Consumer prices increased 0.4% from the previous month in June, below May’s 0.6% print. According to the Statistical Office of the Republic of Serbia, higher prices for recreation and culture, and transport were largely behind the monthly increase.

Inflation increased from 2.1% in May to 2.3% in June, within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation, meanwhile, inched down from 2.4% in May to 2.3% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.6% in 2018, which is unchanged from last month’s forecast. They see inflation accelerating to an average of 3.3% in 2019.


Author: Jean-Philippe Pourcelot, Economist

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Serbia Inflation June 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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