Serbia's inflation among Europe's lowest, government council reports

Serbia continues to demonstrate stable macroeconomic performance, with its annual inflation rate recorded at 2.7% in June, positioning it among the lowest in Europe. This assessment comes from the government's Council for the Coordination of Activities and Measures for GDP Growth.

The council, chaired by Prime Minister Djuro Macut, highlighted several positive economic trends. Tourism saw a year-on-year increase of 5.5% in overnight stays in May, with foreign tourist stays rising by 9.3%. Retail trade experienced a 6.2% growth compared to the previous year. Furthermore, exports increased by 7.7% during the first five months of the year.

These economic gains are reflected in the average net salary, which reached €1,038. This represents a significant real annual increase of 11.5%. Prime Minister Macut affirmed the government's commitment to maintaining its focus on key economic drivers. These include investment, exports, employment, and enhancing the business environment, all while ensuring macroeconomic stability and improving citizens' living standards.

“

The government would continue focusing on investment, exports, employment and improving the business environment while maintaining macroeconomic stability and raising citizens’ living standards.