Inflation in Serbia higher than in EU in April-May, lower than in two EU states in April

BELGRADE - Serbian y-o-y inflation was higher compared to the EU in April-May and also lower compared to two EU member states in April and lower than in one EU member state in May, according to the latest issue of the MAT economic monthly, a publication of the Belgrade Institute of Economics and the Chamber of Commerce and Industry of Serbia.

According to the concept of the harmonised index of consumer prices, Serbian inflation was 14.8 pct in April and 14.5 pct in May, compared to 8.1 pct and 7.1 pct, respectively, in the EU.

Two EU member states registered higher y-o-y inflation than Serbia in April - Latvia (15 pct) and Hungary (24.5 pct), and Hungary also saw higher inflation in May (21.9 pct).