Serbia: Inflation increases in May
June 13, 2016
In May, consumer prices increased 0.1% over the previous month, which followed the 0.4% increase tallied in the previous month. According to the Statistical Office of the Republic of Serbia (SORS), May’s print mainly reflected an increase in prices for transport as well as for clothing and footwear.
Inflation in May increased from 0.4% in April to 0.7%, thus hitting the highest reading in three months. Annual average inflation was stable at April’s 1.4% in May.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched down from 1.7% in April to 1.6% in May.
Author: Dirina Mançellari, Senior Economist