Inflation in Serbia
Serbia - Inflation
Inflation remains subdued in December
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.1% over the previous month in December, following the 0.3% decrease logged in November. The rebound came mainly on the back of higher prices for food and non-alcoholic beverages, but was partially offset by lower transport costs, particularly for petroleum products.
Inflation edged up to 2.0% from 1.9% in November, remaining within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Core inflation, which excludes prices for food, energy, alcohol and cigarettes, was stable at 1.0% in December, pointing to soft underlying inflationary pressures. Overall, annual average inflation came in at 2.0% in 2018, which was down from the 3.2% annual inflation print recorded in 2017.
Serbia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and to average 2.8% 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 | 3.65 | 0.0 % | Jan 14 |
| Exchange Rate | 103.2 | -0.31 % | Jan 14 |
| Stock Market | 1,510 | -0.44 % | Jan 14 |
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Economic News
Serbia: Inflation remains subdued in December
January 11, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.1% over the previous month in December, following the 0.3% decrease logged in November.
Serbia: National Bank of Serbia holds rates in January
January 10, 2019
On 10 January, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate steady at 3.00%, where it has been since April 2018. Low and stable inflation again led the Bank to keep the rate unchanged at its latest monetary policy meeting.
Serbia: Industrial production shrinks in November
January 2, 2019
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 1.0% over the same month of the previous year in November, following the 3.2% increase registered in October.
Serbia: Inflation eases in November
December 12, 2018
In November, consumer prices fell 0.3% over the prior month, swinging from the 0.3% increase recorded in October.
Serbia: National Bank of Serbia stands pat in December
December 6, 2018
On 6 December, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate steady at 3.00%, where it has now been since April. At its latest monetary policy meeting, the Bank judged its current monetary policy stance supportive of overall price stability, while also buttressing strong economic momentum.
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