Serbia: Inflation hits highest level since January
Consumer prices increased 0.22% from the last month in July, slowing down from June’s 0.60% increase. The reading was primarily driven by plunging prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities also grew at a slower rate.
Inflation rose to 2.0% in July, up from June’s 1.6%. July’s result represented the highest inflation rate since January. Meanwhile, the trend was unchanged with annual average inflation coming in at June’s 1.4% in July. Lastly, harmonized inflation rose to 2.2% from the previous month’s 1.8%.