Serbia’s annual inflation rate increased to 4.3% in July 2024 from 3.8% in June which was the lowest reading since July 2021. This month, The central bank left the reference interest rate steady at 6% in August, as anticipated, following two successive cuts of 25 bps each in July and June. Meanwhile, the Serbian dinar hit a 12-month high of ca. 105.3 against the USD, rising by 2.3% over the past.