Serbia: Inflation rises in May
Consumer prices fell 0.2% over the previous month in May, contrasting the flat reading in April. May’s result marked the sharpest fall in prices since September 2019. The fall was primarily due to lower prices for transport. Price pressures for housing and utilities dropped at a slower rate. Prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco increased.
Inflation came in at 0.7% in May, up from April’s 0.6%. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 1.4% in May (April: 1.5%). Lastly, core inflation fell to 1.3% from April’s 1.4%.