Inflation in Serbia
Serbia - Inflation
Inflation increases in September
Consumer prices rose 0.78% in September over the previous month, slowing down from August's 0.88% rise. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, housing and utilities, and transportation.
Inflation increased to 5.7% in September from August’s 4.3%. September's reading marked the highest inflation rate since August 2013. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.7% in September (August: 2.4%). Lastly, harmonized inflation rose to 5.6% in September, from the previous month's 4.2%.
Analysts at the EIU added:
“Inflated base effects in energy prices, pockets of post-restriction price growth and significant disruption to global supply chains have buoyed recent headline inflation […]. The influence of these factors will linger for a time but will gradually diminish in 2022. A pandemic-weakened labor market, a relatively stable dinar and well-anchored inflation expectations among domestic price-setters point to moderate, if firming, underlying price pressures. We estimate average inflation at 3.2% in 2021 and expect it to average 2.4% per year in 2022-26.”
FocusEconomics panelists see inflation averaging 2.2% in 2021. In 2022, our panelists project inflation to average 2.4%.
Serbia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.4||1.1||3.2||2.0||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Inflation Chart
Source: Statistical Office
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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October 12, 2021
Consumer prices rose 0.78% in September over the previous month, slowing down from August's 0.88% rise.
September 30, 2021
Industrial output grew 0.1% in year-on-year terms in August, which is down from July's 1.7% increase.
September 13, 2021
Consumer prices increased 0.88% from the previous month in August, picking up from the 0.21% increase seen in July.
September 9, 2021
As widely expected by market analysts, the National Bank of Serbia (NBS) left its key policy rate unchanged at the all-time low of 1.00% at its 9 September meeting.
August 31, 2021
Industrial output grew 1.7% in year-on-year terms in July, which was a deterioration from June's 4.4% increase.