Serbia: Inflation inches up in June
July 12, 2017
Consumer prices rose 0.2% from a month earlier in June, which contrasted May’s 0.5% fall. According to the Statistical Office, an uptick in food prices, along with higher prices for communications, recreation and culture, drove the monthly increase. Meanwhile, prices for transportation, clothing and footwear edged down in the month.
Inflation inched up to 3.6% in June from 3.5% a month earlier, although it came in below April’s nearly four-year high 4.0%. Moreover, annual average inflation climbed to a nearly three-year high 2.3% in June from 2.1% in May. Core inflation, which excludes volatile items including energy, food, alcohol and tobacco, edged down from 2.2% in May to 2.0% in June.
Author: Christopher Thomas, Economist