Serbia: Inflation slides in September
October 12, 2018
Consumer prices decreased 0.3% from the previous month in September, eclipsing August’s 0.3% increase. According to the Statistical Office of the Republic of Serbia, September’s result came on the back of lower prices for recreation and culture; communication; food and non-alcoholic beverages; and furniture, household equipment and maintenance.
Inflation eased to 2.1% in September from 2.6% in August, remaining within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation inched down to 2.2% in September from 2.3% in August. Meanwhile core inflation, which excludes prices for food, energy, alcohol and cigarettes, was stable at 1.1% in September.
Author: Lindsey Ice, Economist