Serbia Inflation August 2020

Serbia

Serbia: Inflation moderates in August

September 11, 2020

Consumer prices fell 0.12% from the previous month in August, swinging from the 0.22% rise logged in July and marking the sharpest fall in prices since May. Looking at the details of the release, August’s reading largely reflected falling transport prices.

Inflation came in at 1.9% in August, edging down from July’s 2.0%. Annual average inflation rose to 1.5% in August (July: 1.4%). Lastly, harmonized dropped to 1.9% in August, from July’s 2.2%.

FocusEconomics panelists see inflation averaging 1.4% in 2020, which is up 0.1 percentage points from the previous month’s forecast. In 2021, our panelists project inflation to average 2.1%, which is also up 0.1 percentage points from last month’s forecast.


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Serbia Inflation August 20 20

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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