Inflation in Serbia
Serbia - Inflation
Inflation comes in at highest level since January 2013 in July
Consumer prices rose 1.00% from the previous month in July, coming in below the 1.62% increase recorded in June. The print came on the back of a drop in food and non-alcoholic beverages prices, partly offsetting a notable pick up in transport and housing, water, electricity, gas and other fuels prices.
Meanwhile, inflation rise from 11.9% in June to 12.8% in July, the highest reading since January 2013. The trend pointed up as annual average inflation rose to 8.6% in July from 7.8% in June. Lastly, harmonized inflation rose from 11.6% in June to 12.5% in July; July’s reading marked the highest print since January 2013.
FocusEconomics panelists see inflation averaging 8.5% in 2022. In 2023, our panelists project inflation to average 4.8%.
Serbia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.4||1.1||3.2||2.0||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Inflation Chart
Source: Statistical Office
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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August 12, 2022
Consumer prices rose 1.00% from the previous month in July, coming in below the 1.62% increase recorded in June.
August 1, 2022
Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase.
July 27, 2022
Consumer prices rose 1.62% from the previous month in June, coming in above the 1.24% increase recorded in May.
July 7, 2022
At its 7 July meeting, the National Bank of Serbia (NBS) hiked the key policy rate by 25 basis points from 2.50% to 2.75%.
July 1, 2022
Industrial production growth jumped to 8.7% year on year in May, up from April’s 2.0% increase.