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Serbia inflation lowest since April 2018

Figures

Serbia’s average consumer prices rose by 1.1% year-on-year in September, after growing by 1.3% in August, data from the Serbian Statistical Office (SORS) showed Friday. It is the lowest rate of inflation since April 2018.

Costs slowed for food and non-alcoholic beverages (up 1%, from 1.3% in August); alcoholic beverages and tobacco (up 5%, from 5.1%); recreation and culture (up 1.8%, from 2%); health (up 2%, from 2.1%); miscellaneous goods and services (up 1.2%, from 1.4%), and education (up 0.3%, from 0.4%).

Prices fell even further for transport (down -0.8%, from -0.1%), and clothing and footwear (down -1.3%, from -0.9%).

On the other hand, costs rose faster for housing and utilities (up 1.5%, from 1.3% in August); communications (up 1.2%, from 0.5%); furniture and household equipment (up 1.1%, from 1%), and restaurants and hotels (up 2%, from 1.3%).

On a monthly basis, consumer prices went down 0.5%, after showing no growth in August, SORS said.

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