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

Source: Statistical Office
Serbia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 3.05 | 0.0 % | Dec 31 |
Exchange Rate | 104.9 | -0.31 % | Jan 01 |
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Economic News
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Serbia: Inflation comes in at highest level since January 2013 in July
August 12, 2022
Consumer prices rose 1.00% from the previous month in July, coming in below the 1.62% increase recorded in June.
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Serbia: Industrial output decelerates in June
August 1, 2022
Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase.
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Serbia: Inflation comes in at highest level since February 2013 in June
July 27, 2022
Consumer prices rose 1.62% from the previous month in June, coming in above the 1.24% increase recorded in May.
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Serbia: Central Bank continues hiking cycle in July with 25 basis point rate increase
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%.
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Serbia: Industrial output accelerates markedly in May
July 1, 2022
Industrial production growth jumped to 8.7% year on year in May, up from April’s 2.0% increase.