Serbia Inflation May 2016

Serbia

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.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.8% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 3.3%.


Author:, Senior Economist

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Serbia Inflation May 2016

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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