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.