Serbia: Inflation slows to below the Central Bank’s target range in March
Consumer prices increased 0.1% from the previous month in March, less than February’s 0.3%, according to the Statistical Institute. Higher prices for food and non-alcoholic beverages drove the increase in March, more than outweighing lower prices for recreation and culture, and transport.
Inflation decelerated to 1.4% in March from 1.5% in February, coming in below the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation, meanwhile, slowed to 2.8% in March from 3.0% in February. Core inflation—which excludes volatile items including energy, food, alcohol and cigarettes—slowed substantially to 0.8% in March from 1.3% in February.