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Serbia Inflation March 2023

Serbia: March inflation comes in at highest level since our records began

Inflation came in at 16.2% in March, which was up from February’s 16.1%. March’s result marked the highest inflation rate since our current records began. Faster price rises for clothing and food were behind the reading.

Annual average inflation rose to 13.8% in March (February: 13.2%). Meanwhile, harmonized inflation ticked up to 15.5% in March, from the previous month’s 15.4%.

Lastly, consumer prices rose 0.86% in March over the previous month, moderating from the 1.38% increase seen in February.

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