Serbia’s inflation rate has significantly decreased to 2.9% year-on-year, down from the previous 4.7%. This marks a substantial drop of 1.8 percentage points, indicating a lower inflationary environment compared to the past period.
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The actual inflation rate of 2.9% came in well below the analyst estimate of 4.65%, suggesting a more rapid cooling of price pressures than anticipated. This unexpected decline is likely to positively impact consumer-related sectors, as lower inflation can boost purchasing power and consumer confidence. The market may experience a short-term uplift in sentiment, particularly in retail and consumer goods stocks, as investors adjust their expectations regarding future monetary policy actions.