Serbian town in the winter

Serbia Inflation March 2020

Serbia: Inflation edges down in March

Consumer prices fell 0.1% over the prior month in March, contrasting February’s 0.6% rise. Lower prices for transport; recreation and culture; and clothing and footwear drove the decline.

Inflation decelerated to 1.3% in March from 1.9% in February, falling below the Central Bank’s target band of 3.0% plus or minus 1.5 percentage points. Meanwhile, annual average inflation inched down to 1.7% from 1.8%.

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