Serbia Inflation August 2018


Serbia: Inflation rises in August

September 12, 2018

Consumer prices increased 0.3% from the previous month in August, contrasting July’s 0.3% decrease. According to the Statistical Office of the Republic of Serbia, August’s figure was driven by higher prices for food and non-alcoholic beverages; and housing, water, electricity, gas and other fuels.

Inflation increased from 2.4% in July to 2.6% in August, remaining within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation was unchanged at 2.3%.

Serbia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2018 and 3.0% in 2019.

Author:, Economist

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Serbia Inflation Chart

Serbia Inflation August 2018

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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