Serbian town in the winter

Serbia Inflation June 2021

Serbia: Inflation recedes in June

Consumer prices increased 0.30% in June over the previous month, a smaller increase than the 0.50% rise logged in May. June’s result marked the softest rise in prices since December 2020. Looking at the details of the release, prices for food and non-alcoholic beverages fell at a moderate rate in June. In contrast, prices for housing and utilities dropped after growing in the previous month. In addition, prices for alcoholic beverages and tobacco grew at a more subdued pace.

Inflation came in at 3.3% in June, which was down from May’s 3.6%. Annual average inflation edged up to 2.0% in June (May: 1.9%). Lastly, harmonized inflation fell to 3.2% in June, from the previous month’s 3.5%.

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