Serbia Inflation May 2020


Serbia: Inflation rises in May

June 12, 2020

Consumer prices fell 0.2% over the previous month in May, contrasting the flat reading in April. May's result marked the sharpest fall in prices since September 2019. The fall was primarily due to lower prices for transport. Price pressures for housing and utilities dropped at a slower rate. Prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco increased.

Inflation came in at 0.7% in May, up from April’s 0.6%. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 1.4% in May (April: 1.5%). Lastly, core inflation fell to 1.3% from April’s 1.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2020, which is down 0.1 percentage points from last month’s forecast, and to average 2.0% in 2021.


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