Serbian town in the winter

Serbia Inflation May 2022

Serbia: Inflation comes in at highest level since April 2013 in May

Consumer prices rose 1.20% from the previous month in May, coming in below the 1.50% increase recorded in April. The print reflected softer price increased for food and non-alcoholic beverages, and recreation and culture. On the other hand, prices for transportation jumped.

Meanwhile, inflation rise from 9.6% in April to 10.4% in May, the highest reading since April 2013. The trend pointed up as annual average inflation rose to 7.0% in May from 6.5% in April. Lastly, harmonized inflation rose to 10.4% in May from April’s 9.5%; April’s reading marked the highest print since April 2013.

Analysts at the EIU added:

“A gradual easing of some supply-side constraints and base effects should cause headline inflation to slow slightly from mid-year: we expect average inflation of 9% in 2022. Tighter monetary conditions and reversing base effects will slow inflation in 2023, but commodity prices and supply-side cost pressures will remain considerably stronger than in 201520. We forecast average annual inflation of 5.2% in 2023 and 3.1% per year in 202426, but stress the high degree of uncertainty.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest