Serbia Inflation June 2021

Serbia

Serbia: Inflation recedes in June

July 13, 2021

Consumer prices increased 0.30% in June over the previous month, a smaller increase than the 0.50% rise logged in May. June's result marked the softest rise in prices since December 2020. Looking at the details of the release, prices for food and non-alcoholic beverages fell at a moderate rate in June. In contrast, prices for housing and utilities dropped after growing in the previous month. In addition, prices for alcoholic beverages and tobacco grew at a more subdued pace.

Inflation came in at 3.3% in June, which was down from May’s 3.6%. Annual average inflation edged up to 2.0% in June (May: 1.9%). Lastly, harmonized inflation fell to 3.2% in June, from the previous month's 3.5%.

FocusEconomics panelists see inflation averaging 2.2% in 2021. In 2022, our panelists project inflation to average 2.4%.


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Serbia Inflation June 2021

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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