inflation

Serbia’s Inflation Slows to 2.2% as Core Price Pressures Keep NBS Cautious

Serbia’s annual inflation eased to 2.2% in August, but elevated services inflation and 4.7% core inflation are keeping the National Bank of Serbia (NBS) cautious about the durability of the decline. The central bank left its benchmark interest rate at 5.75%, despite headline inflation moving below the midpoint of its target range. Food prices were the main contributor to the slowdown, while energy costs continued to exert upward pressure. Food prices drive headline disinflation Food prices declined 6.3% year on…