Serbia Inflation April 2022


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

May 13, 2022

Consumer prices rose 1.50% from the previous month in April, coming in above the 0.80% increase recorded in March. The print reflected a notable uptick in food and non-alcoholic beverages, and clothing and footwear prices.

Meanwhile, inflation rise from 9.1% in March to 9.6% in April, the highest reading since June 2013. The trend pointed up as annual average inflation rose to 6.5% in April from 5.9% in March. Lastly, harmonized inflation rose to 9.5% in April from March’s 9.2%; April’s reading marked the highest print since June 2013.

FocusEconomics panelists see inflation averaging 7.2% in 2022. In 2023, our panelists project inflation to average 3.9%.


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Serbia Inflation Chart

Serbia Inflation April 2022

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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