In the first eight months of the year, the average inflation in the Serb Republic was 2.0%, the Statistics Office said in a statement.
In July, the Republic's consumer price index (CPI) rose by 1.6% on the year. On a monthly basis, it was 0.4% lower.
In 2011, the average annual inflation in the Serb Republic was 3.9%.
The Serb Republic is one of the two autonomous parts that form Bosnia and Herzegovina. The other one is the Muslim-Croat Federation.