Inflation in Serbia
Serbia - Inflation
Inflation climbs higher in December
Consumer prices increased 0.5% month-on-month in December, down from the 0.2% rise in November. The reading was driven by a sharp rise in prices of food and non-alcoholic beverages, and housing and utilities. Conversely, prices for transport, restaurant and hotels, and communication fell in the month.
Inflation rose to 1.9% in December from 1.5% in November, edging further within the lower half of the Central Bank’s target band of 3.0% plus or minus 1.5 percentage points. On the other hand, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.1% in December from 1.2%. On the whole, annual average inflation clocked in at 1.9% in 2019, down from 2.0% in 2018.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2020, which is down 0.1 percentage points from last month’s forecast, and to average 2.4% in 2021.
Serbia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||7.9||2.1||1.4||1.1||3.2|
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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January 13, 2020
Consumer prices increased 0.5% month-on-month in December, down from the 0.2% rise in November.
January 9, 2020
At its 9 January monetary policy meeting, the executive board of the National Bank of Serbia (NBS) kept the key policy rate at a record low of 2.25%.
December 29, 2019
Industrial production grew 1.1% year-on-year in November, up from the 0.5% increase in October.
December 12, 2019
Consumer price rose by 0.2% over the prior month in November, up from the 0.1% increase in October.
December 12, 2019
At its 12 December monetary policy meeting, the executive board of the National Bank of Serbia (NBS) decided to keep the key policy rate at a record low of 2.25%.