Serbia Inflation October 2019


Serbia: Inflation slows in October

November 12, 2019

Consumer price rose by 0.1% over the prior month in October, contrasting the 0.5% drop in September. The increase was driven by a sharp rise in clothing and footwear prices and higher transportation costs.

Inflation ticked down to 1.0% in October from 1.1% in September, moving further below the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.1% from 1.3%, while annual average inflation softened to 1.9% in October from 2.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2020, which is down 0.1 percentage points from last month’s forecast, and to average 2.7% in 2021.

Author:, Economist

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Serbia Inflation Chart

Serbia Inflation October 2019 0

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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