food prices

Serbian Inflation Drops to 1.9% as Core Price Pressures Persist

Serbia’s annual inflation slowed to 1.9% in July, driven largely by lower food prices, while core inflation remained elevated at 4.5%, pointing to continued pressure in services, housing and utilities. Consumer prices declined 0.2% month on month in July, following increases of 0.2% in June and 0.3% in May, according to the September edition of the Macroeconomic Analyses and Trends bulletin. Annual inflation fell from 3.5% in May to 2.7% in June and 1.9% in July. Food prices drive the…