•  
  •  
  •  

Serbia's inflation slows to 3.2% y/y in July

Serbia's inflation slows to 3.2% y/y in July Hirurg/Shutterstock.com

BELGRADE (Serbia), August 11 (SeeNews) - Serbia's annual consumer price inflation slowed to 3.2% in July from 3.6% in June, data from the national statistical office showed on Friday.

On a month-to-month basis, the consumer price index (CPI) declined 0.4% in July after edging up 0.2% in June, data published on the website of the national statistical office indicated.

Prices of food and non-alcoholic beverages declined by 2.0% month-on-month, while clothing and footwear costs fell by 1.1%.

On the other hand, the prices of in the sector of recreation and culture rose by 3.5%, while alcoholic beverages and tobacco prices grew by 2.8% on the month in July.

Serbia's central bank, NBS, said on Thursday the annual inflation rate in the country is expected to remain within the band of 1.5%-4.5%.

The country's annual consumer price inflation slowed to 1.2% in 2016, from 1.9% in 2015.

Author Radomir Ralev
Share this story
Tags

Country

Related reports
Related news
Compare