Serbia Inflation July 2016


Serbia: Inflation picks up in July

August 12, 2016

In July, consumer prices dropped 0.1% over the previous month, which contrasted the 0.1% increase tallied June. According to the Statistical Office of the Republic of Serbia (SORS), July’s print mainly reflected lower prices for food and non-alcoholic beverages, communication and clothing.

Inflation jumped from June’s over-one-year low of 0.3% to 1.2% in July. Annual average inflation remained steady in July at June’s historical low of 1.2%.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, stayed put in July at the 1.5% print observed in June.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.6% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, the panel sees inflation at 2.9%.

Author:, Senior Economist

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Serbia Inflation Chart

Serbia Inflation July 2016 0

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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