Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation decelerates sharply to over one-year low in June

According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in June, matching the fall registered in May. The decline was driven by a fall in prices of food and non-alcoholic beverages; transport; communication; and household furnishing and maintenance.

Inflation eased notably to 1.5% in June from 2.2% in May, falling to an over one-year low and the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation also weakened to 1.4% in June from 1.5% in May. Annual average inflation meanwhile was stable at 2.3% in May.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is unchanged from last month’s forecast, and to average 2.6% in 2020.

Serbia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)7.9  2.1  1.4  1.1  3.2  

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Serbia Inflation Chart


Serbia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Statistical Office

Serbia Facts

ValueChangeDate
Bond Yield3.920.0 %Jul 11
Exchange Rate104.6-0.31 %Jul 11
Stock Market1,556-0.44 %Jul 11

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