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.
Author: Dirina Mançellari, Senior Economist