Serbia Inflation December 2020


Serbia: Inflation cools in December

November 12, 2020

Consumer prices rose 0.10% month-on-month in December, after flatlining in November. The print was driven by higher prices for communication, health, and transport, which offset lower prices for clothing and footwear, and food and non-alcoholic beverages.

Meanwhile, inflation cooled to 1.3% in December from 1.7% in November. That said, annual average inflation was unchanged at 1.6% for the third consecutive month. Lastly, harmonized inflation came in at 1.3% in December, down from 1.7% in November.

FocusEconomics panelists see inflation averaging 1.9% in 2021. In 2022, our panelists project inflation to average 2.4%.


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Serbia Inflation Chart

Serbia Inflation December 20 20

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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