Serbia Inflation November 2019


Serbia: Inflationary pressures intensify in November

December 12, 2019

Consumer price rose by 0.2% over the prior month in November, up from the 0.1% increase in October. The reading was driven by a sharp rise in health costs and higher food; housing and utilities; and clothing and footwear prices.

Inflation jumped to 1.5% in November from 1.0% in October, hitting the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. On the other hand, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—was steady at 1.2%, while annual average inflation was stable at 1.9% in November.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% 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 November 2019

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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