Serbia Inflation


Serbia: Inflation increases in June

July 13, 2015

In June, consumer prices rose 0.5% over the previous month, contrasting May’s 0.3% decrease. According to the Statistical Office of the Republic of Serbia (SORS), the print mainly reflected higher prices for recreation and culture, transport and food and non-alcoholic beverages.

Inflation rose from May’s 1.5% to 1.9% in June, which marked a three-month high. The overall trend was stable in June for the second consecutive month, with annual average inflation remaining at 1.6%, which represented the lowest print since the current series began in 2007.

Meanwhile, the core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, rose from May’s 1.9% to 2.1% in June.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 2.6%, which is down 0.6 percentage points from last month’s forecast. For 2016, the panel sees inflation at 4.2%.

Author: Ricard Torné, Lead Economist

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Serbia Inflation Chart

Serbia Inflation June 2015 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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