Inflation in Serbia
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 |
Serbia Inflation Chart
Source: Statistical Office
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.00 | 0.0 % | Mar 11 |
| Exchange Rate | 105.0 | -0.31 % | Mar 11 |
| Stock Market | 1,535 | -0.44 % | Mar 11 |
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Economic News
Serbia: Inflation climbs to six-month high in February
March 12, 2019
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.
Serbia: NBS stands pat in March
March 7, 2019
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Serbia: Comprehensive estimate shows Serbian economy lost momentum in Q4 2018
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According to a comprehensive estimate released by the Statistical Institute on 1 March, economic growth cooled notably in the final quarter of the year.
Serbia: Industrial production continues to falter in January
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According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 5.5% over the same month last year in January, following December’s 6.3% plunge and marking the third consecutive month of falling production.
Serbia: Inflation edges up in January
February 22, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices increased 0.4% over the prior month in January, up from the 0.1% rise in December.
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