Inflation in Serbia
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 |
Serbia Inflation Chart
Source: Statistical Office
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.10 | 0.0 % | Sep 04 |
| Exchange Rate | 106.4 | -0.31 % | Sep 04 |
| Stock Market | 1,589 | -0.44 % | Sep 04 |
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Economic News
Serbia: Growth accelerates in Q2
September 2, 2019
The economy grew 2.9% in annual terms in the second quarter, up from the upwardly revised 2.7% expansion registered in the first quarter (previously reported: +2.5% year-on-year).
Serbia: Industrial production rebounds in July
August 30, 2019
Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June.
Serbia: Inflation inches up in July
August 12, 2019
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.
Serbia: NBS axes key policy rate again in August
August 8, 2019
At its 8 August monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to slash the key policy rate to 2.50% from 2.75%, a new record-low under the inflation targeting.
Serbia: Industrial production plunges in June
July 31, 2019
Industrial production fell 6.1% over the same month of the previous year in June, down from the 0.6% decline registered in May.
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