year-on-year inflation

Challenges and projections: Inflation trends in Serbia and beyond

In June, Serbia's year-on-year inflation stood at 3.8 percent, with a marginal monthly increase of 0.1 percent, reported by the Republic Institute of Statistics. Compared to December 2023, consumer prices rose by an average of 2.3 percent. Amid mixed signals from Western Balkan countries, the question looms whether inflation is a thing of the past, especially in the context of global trends showing a decline. During June, prices rose notably for recreation and culture (1.9 percent), clothing and footwear (0.8…