Serbia Inflation


Serbia: Inflation stabilizes in October

November 25, 2015

In October, consumer prices decreased 0.2% over the previous month. The print was down from the flat reading recorded in September and marked a three-month low. According to the Statistical Office of the Republic of Serbia (SORS), October’s print mainly reflected a decrease in prices for food and non-alcoholic beverages. On the other hand, prices for alcoholic beverages and tobacco increased over the previous month.

Inflation in October was stable at September’s 1.4%. Annual average inflation was also stable in October at the previous month’s 1.5%.

Meanwhile, core inflation, which does not include more volatile categories such as energy, food, alcohol and tobacco, inched up from September’s 2.1% to 2.2% in October.

FocusEconomics Consensus Forecast panelists expect that inflation will average 1.9% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation at 3.5%, which is down 0.2 percentage points from last month’s forecast.

Author:, Senior Economist

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Serbia Inflation Chart

Serbia Inflation October 2015

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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