Serbia Inflation November 2020

Serbia

Serbia: Inflation ticks down in November

December 11, 2020

Consumer prices were unchanged from the prior month in November, after rising 0.10% month-on-month in October. The print reflected a notable uptick in alcoholic beverages and tobacco prices being offset by a drop in transportation prices.

Inflation, meanwhile, inched down to 1.7% in November from 1.8% in the prior month. However, annual average inflation was stable at October’s 1.6% in November. Lastly, harmonized inflation came in at 1.7% in November, down from the prior month’s 1.8%.

FocusEconomics panelists see inflation averaging 1.9% in 2021. In 2022, our panelists project inflation to average 2.4%.


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Serbia Inflation November 20 20

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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