Serbia Inflation September 2018


Serbia: Inflation slides in September

October 12, 2018

Consumer prices decreased 0.3% from the previous month in September, eclipsing August’s 0.3% increase. According to the Statistical Office of the Republic of Serbia, September’s result came on the back of lower prices for recreation and culture; communication; food and non-alcoholic beverages; and furniture, household equipment and maintenance.

Inflation eased to 2.1% in September from 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 inched down to 2.2% in September from 2.3% in August. Meanwhile core inflation, which excludes prices for food, energy, alcohol and cigarettes, was stable at 1.1% in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and average 2.9% again in 2020.


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Serbia Inflation Chart

Serbia Inflation September 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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