Serbia Inflation January 2016


Serbia: Inflation jumps in January

February 23, 2016

In January, consumer prices increased 0.6% over the previous month, which contrasted the 0.2% decrease seen in December and marked the highest reading in five months. According to the Statistical Office of the Republic of Serbia (SORS), December’s print mainly reflected a decrease in prices for transport as well as for food and non-alcoholic beverages.

Inflation in January jumped from 1.5% in December to 2.4%, thus hitting a 14-month high. Annual average inflation inched up from 1.4% in December to 1.6% in January.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, fell from 2.2% in November to 1.6% in December (the latest period for which data is available).

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 January 2016

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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