Serbia's inflation to slow to 4.1% y/y in June - Vucic

Inflation will continue to slow down in the coming period, with the official estimate expected to be released in the coming days, Vucic said in a public speech on Monday. A video with his statement was published on the YouTube channel of Vucic's ruling Serbian Progressive Party (SNS).

Earlier in June, Serbia's statistics office reported that the annual consumer price growth slowed down to 4.5% in May, from 5% in April, in line with the central bank's expectations that inflation would return to its 1.5-4.5% target band in May, a month earlier than previously expected. Inflation should approach the target midpoint by end-2024 and hover around that level in the medium term, the central bank has said.

The statistics office is scheduled to release inflation data for June on July 12.