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%.