Inflation in Serbia
Serbia - Inflation
Inflation reaches over one-year high in March
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February. The uptick was chiefly driven by a surge in prices for food and non-alcoholic beverages and transport, whereas lower prices for clothing and footwear partly offset the rise.
Inflation accelerated to 2.8% in March from 2.4% in February, representing a fifteen-month high and coming in just below 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, meanwhile was stable at February’s 1.3% in March. Annual average inflation meanwhile inched up to 2.2% in March from 2.1% in February.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% 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 | 3.85 | 0.0 % | May 13 |
| Exchange Rate | 105.1 | -0.31 % | May 13 |
| Stock Market | 1,577 | -0.44 % | May 13 |
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Economic News
Serbia: NBS keeps key policy rate on hold in May
May 9, 2019
At its 9 May monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.
Serbia: Economy cools in Q1 2019
April 30, 2019
According to a flash estimate released by the Statistical Institute on 30 April, the economy lost ground at the outset of 2019.
Serbia: Industrial production declines in March after a brief recovery in February
April 30, 2019
Industrial production fell 2.8% over the same month a year prior in March, contrasting the 2.4% increase logged in February.
Serbia: Inflation reaches over one-year high in March
April 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February.
Serbia: NBS maintains monetary policy course in April
April 9, 2019
At its 9 April monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for one year. Well-anchored inflation expectations were the key factor behind the Bank’s decision to hold the key policy rate at its latest meeting.
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