Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation climbs to six-month high in February

According to the Statistical Office of the Republic of Serbia, consumer prices climbed 0.7% over the previous month in February, accelerating from the 0.4% increase logged in January. The uptick was chiefly driven by higher prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco, whereas lower prices for clothing and footwear partly offset the rise.

Inflation rose to 2.4% in February from 2.1% in January, marking a six-month high and edging closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Core inflation, which excludes prices for volatile items such as food, energy, alcohol and cigarettes, ticked up to 1.3% in February from 1.2%. Annual average inflation meanwhile inched up to 2.1% in February from 2.0% in January.

Serbia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and to average 2.7% 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 Yield4.000.0 %Mar 11
Exchange Rate105.0-0.31 %Mar 11
Stock Market1,535-0.44 %Mar 11

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