Inflation in Serbia
Consumer price inflation in Serbia averaged 3.7% in the ten years to 2022, below the Eastern Europe regional average of 7.7%. The 2022 average figure was 12.0%. For more inflation information, visit our dedicated page.
Serbia Inflation Chart
Serbia Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 2.0 | 1.8 | 1.6 | 4.1 | 12.0 |
Inflation (CPI, ann. var. %, eop) | 2.0 | 1.8 | 1.3 | 7.9 | 15.1 |
Inflation (Core, ann. var. %, aop) | 1.0 | 1.3 | 1.6 | 2.3 | 7.1 |
Inflation decreases in January
Inflation came in at 6.5% in January, down from December’s 7.6%. January's result represented the lowest inflation rate since September 2021. Looking at the details of the release, prices for food and non-alcoholic beverages grew at a more moderate pace in January. In contrast, prices for transportation increased at a faster pace. Accordingly, the trend pointed down, with annual average inflation coming in at 11.6% in January (December: 12.4%). Meanwhile, core inflation fell to 5.9% in January, from December’s 6.5%. Finally, consumer prices rose 0.30% in January over the previous month, picking up from the 0.15% increase logged in December.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian inflation projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Serbian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian inflation projections.
Want to get access to the full dataset of Serbian inflation forecasts? Send an email to info@focus-economics.com.
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