Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.4  1.1  3.2  2.0  1.9  

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Serbia Inflation Chart


Serbia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Statistical Office

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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