Serbia Inflation March 2017

Serbia

Serbia: Inflation climbs to over three-year high in March

April 12, 2017

Consumer prices increased 0.2% from a month earlier in March and came in below February’s 0.7% rise. According to the Statistical Office, higher prices for communications, health and education were partly offset by falling prices for housing, water, electricity and gas.

Inflation rose to 3.6% in March from 3.2% a month earlier and was the highest reading since September 2013. Annual average inflation rose from 1.3% in February to 1.5% in March, which was the highest reading in twelve months.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.7% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation rising to 2.9%.


Author:, Economist

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Serbia Inflation Chart


Serbia Inflation March 2017

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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