Serbia Inflation February 2017

Serbia

Serbia: Inflation jumps to over three-year high in February

March 14, 2017

Consumer prices increased 0.7% from a month earlier in February, below January’s two-year high 1.4% rise. According to the Statistical Office, higher prices for food and non-alcoholic beverages and transport were partly offset by falling prices for communications, clothing and footwear.

Inflation jumped to 3.2% in February from 2.4% a month earlier, the highest reading since September 2013. Annual average inflation rose from 1.1% in January to 1.3% in February, which was the highest reading in nine months.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.7% in 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, our panel sees inflation rising to 2.9%.


Author:, Economist

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Serbia Inflation February 2017 6

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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