Serbia Inflation September 2019


Serbia: Inflation eases in September

October 11, 2019

Consumer price fell 0.5% over the prior month in September, following flat growth in August. The decline was driven by lower prices for food and non-alcoholic beverages; clothing and footwear; and transportation.

Inflation decelerated to 1.1% in September from 1.3% in August, moving further below the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.3% from 1.5%, while annual average inflation softened to 2.1% from 2.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and to average 2.3% in 2020.

Author:, Economist

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Serbia Inflation Chart

Serbia Inflation September 2019

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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