Serbia Inflation

Serbia

Serbia: Inflation eases slightly in November

January 7, 2016

In November, consumer prices decreased 0.1% over the previous month. The print was slightly up from the 0.2% drop seen in October, which had marked a three-month low. According to the Statistical Office of the Republic of Serbia (SORS), November’s print mainly reflected a decrease in prices for food and non-alcoholic beverages. On the other hand, prices for health and communication increased over the previous month.

Inflation in November inched down from 1.4% in October to 1.3%, thus hitting a four-month low. Annual average inflation also inched down from October’s 1.5% to 1.4% in November.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, was stable at October’s 2.2% in November.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.8% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 3.3%.


Author:, Senior Economist

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Serbia Inflation Chart


Serbia Inflation November 2015

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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