Serbian town in the winter

Serbia Inflation May 2021

Serbia: Inflation increases in May

Consumer prices rose 0.50% over the previous month in May, moderating from the 1.10% rise recorded in April. The cooling of price pressures was primarily driven by dropping prices for food and non-alcoholic beverages.

Inflation came in at 3.6% in May, which was up from April’s 2.8%. May’s figure marked the highest inflation rate since April 2017. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 1.9% in May (April: 1.7%). Lastly, harmonized inflation rose to 3.5% in May, from the previous month’s 2.6%.

Analysts at The EIU commented:

“Aggregate demand and commodity prices will firm in 2021-22 amid a rebound in activity and a mild global reflationary trend. Inflated base effects in energy and food prices, as well as temporary disruption to global supply chains, will drive fluctuations in headline inflation this year. However, a weakened labour market and subdued inflation expectations among domestic price-setters point to modest underlying price pressures.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest