Serbia Inflation March 2016


Serbia: Inflation eases further in March

April 19, 2016

In March, consumer prices decreased 0.1% over the previous month, which met the previous month’s drop. According to the Statistical Office of the Republic of Serbia (SORS), March’s print mainly reflected a decrease in prices for transport as well as for food and non-alcoholic beverages.

Inflation in March eased from 1.5% in February to 0.6%, thus hitting the lowest reading in over a year. Annual average inflation inched down from 1.6% in February to 1.5% in March.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, was stable in March at February’s 0.7%.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.8% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 3.3%.

Author:, Senior Economist

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Serbia Inflation Chart

Serbia Inflation March 2016

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Statistical Office of the Republic of Serbia (SORS)

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