Serbia’s central bank revised its 2024 inflation forecast upwards to 4.6% from a previous estimate of 4.4%, with the 2025 projection also increasing to 3.6% from 3.3%. July saw inflation accelerate to 4.3%, but it is projected to decelerate to around 4.0% by the end of the year, aiming to align closely with the mid-point of the bank’s target range (1.5%-4.5%) in 2025.