NBS: Inflation Movements Continue as Expected

According to SORS data, y-o-y inflation continued to move in line with NBS expectations and measured 2% in July, the central bank says on its website.

In monthly terms, consumer prices picked up 0.2% in July, mirroring the prices of petroleum products and travel packages, and the cigarette price adjustment. Seasonally lower vegetable prices worked in the opposite direction.

Core inflation (CPI excluding the prices of food, energy, alcohol and cigarettes) remained stable, at 1.7% y-o-y in July.

An in-depth analysis of factors behind inflation movements and the latest NBS projections will be presented in the new Inflation Report, to be published on 19 August, it is added.

Narodna banka Srbije Beograd

Republički zavod za statistiku

NBS

year on year inflation

inflation

consumer prices

base inflation