Serbia: Inflation slows again in February
March 12, 2018
Consumer prices increased 0.3% from the previous month in February, matching January’s 0.3%, according to the Statistical Institute. Seasonally higher prices for fresh fruit and vegetables, coupled with more expensive cigarettes and petroleum products, spurred February’s increase in consumer prices.
Largely due to a base effect, inflation decelerated to 1.5% in February from 1.9% in January, coming in at the bottom of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation, meanwhile, slowed to 3.0% in February from 3.1% in January. Core inflation—which excludes volatile items including energy, food, alcohol and cigarettes—ticked up to 1.3% in February from 1.2% in January.
Author: Edward Gardner, Economist