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Serbia: Inflation drops to lowest level since July 2021 in May
Latest reading: Inflation came in at 3.8% in May, down from April’s 4.0%. May’s reading represented the lowest inflation rate since July 2021. Looking at the details of the release, prices for housing plus hospitality rose at a slower pace. Moreover, transportation prices fell at a faster clip. That said, price pressures for food and non-alcoholic beverages intensified in May.
Annual average inflation ticked down to 4.2% in May (April: 4.3%). Meanwhile, core inflation fell to 4.6% in May from April’s 5.0%.
Lastly, consumer prices rose 0.21% in May over the previous month, coming in below April’s 0.32% increase.
