Serbian town in the winter

Serbia Inflation July 2019

Serbia: Inflation inches up in July

According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.2% over the prior month in July, following the 0.3% dip in prices in June. The decline was driven by a fall in prices of food and non-alcoholic beverages; transport; and clothing and footwear.

Inflation, meanwhile, increased to 1.6% in July from 1.5% in June, edging a notch above the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation ticked up to 1.5% in July from 1.4% in June. In contrast, annual average inflation softened to 2.2% from 2.3%.

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