Serbia Inflation April 2021

Serbia

Serbia: Inflation comes in at highest level since April 2019 in April

May 13, 2021

Consumer prices increased 1.10% in April over the previous month, accelerating from the 0.50% rise recorded in March. April's figure was the sharpest increase in prices since January 2017. The reading was driven by rising prices for food and non-alcoholic beverages and housing and utilities.

Inflation came in at 2.8% in April, up from March’s 1.8%. April's reading represented the highest inflation rate since April 2019. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.7% in April (March: 1.5%). Harmonized inflation came in at 2.6% in April from the previous month's 1.7% increase.

FocusEconomics panelists see inflation averaging 1.9% in 2021. In 2022, our panelists project inflation to average 2.3%.


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Serbia Inflation April 2021

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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