Serbia Inflation October 2016

Serbia

Serbia: Inflation jumps in October

In October, Serbian consumer prices increased 0.7% from the previous month, which contrasted the 0.6% decrease in September. According to the Statistical Office of the Republic of Serbia (SORS), October’s print mainly reflected higher prices for fresh vegetables, electricity and travel packages.

Inflation jumped from 0.6% in September to 1.5% in October, the highest reading in nine months. Annual average inflation was stable at the previous month’s 1.1% in October.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched down from 1.6% in September to 1.5% in October.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.5% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 2.7%, which is also unchanged from the previous month’s estimate.


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Serbia Inflation Chart


Serbia Inflation October 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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