Serbia: Inflation moderates to one-and-a-half year low in April
May 15, 2018
Consumer prices increased 0.4% from the previous month in April, above March’s 0.1% print. According to the Statistical Office of the Republic of Serbia, higher prices for clothing and footwear, transport, and food and non-alcoholic beverages were largely behind the monthly increase.
Inflation moderated from 1.4% in March to 1.1% in April, again coming in below the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. April’s print marked the fourth consecutive drop and the lowest figure since September 2016. Annual average inflation, meanwhile, slowed to 2.5% in April from 2.8% in March.
Core inflation—which excludes volatile items including energy, food, alcohol and cigarettes—remained stable in April at the 0.8% figure recorded in March.