Serbia: Inflation stabilizes in October
November 25, 2015
In October, consumer prices decreased 0.2% over the previous month. The print was down from the flat reading recorded in September and marked a three-month low. According to the Statistical Office of the Republic of Serbia (SORS), October’s print mainly reflected a decrease in prices for food and non-alcoholic beverages. On the other hand, prices for alcoholic beverages and tobacco increased over the previous month.
Inflation in October was stable at September’s 1.4%. Annual average inflation was also stable in October at the previous month’s 1.5%.
Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched up from September’s 2.1% to 2.2% in October.
Author: Dirina Mançellari, Senior Economist