Serbia: Inflation weakens in August
September 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer price growth was flat in month-on-month terms in August, following the 0.2% decline in July. Higher prices for recreation and culture, and alcoholic beverages and tobacco were offset by lower prices for clothing and footwear, and food and non-alcoholic beverages.
Inflation softened to 1.3% in August from 1.6% in July, returning to the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.2% from 1.5%, while annual average inflation softened to 2.1% from 2.2%.
Author: Lindsey Ice, Economist