Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation inches up in July

According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.2% over the prior month in July, following the 0.3% dip in prices in June. The decline was driven by a fall in prices of food and non-alcoholic beverages; transport; and clothing and footwear.

Inflation, meanwhile, increased to 1.6% in July from 1.5% in June, edging a notch above the lower limit of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Likewise, core inflation ticked up to 1.5% in July from 1.4% in June. In contrast, annual average inflation softened to 2.2% from 2.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is unchanged from last month’s forecast, and to average 2.5% 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

Bond Yield3.100.0 %Sep 04
Exchange Rate106.4-0.31 %Sep 04
Stock Market1,589-0.44 %Sep 04

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