Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation climbs higher in December

Consumer prices increased 0.5% month-on-month in December, down from the 0.2% rise in November. The reading was driven by a sharp rise in prices of food and non-alcoholic beverages, and housing and utilities. Conversely, prices for transport, restaurant and hotels, and communication fell in the month.

Inflation rose to 1.9% in December from 1.5% in November, edging further within the lower half of the Central Bank’s target band of 3.0% plus or minus 1.5 percentage points. On the other hand, core inflation—which excludes the more volatile components energy, food, alcohol and tobacco—edged down to 1.1% in December from 1.2%. On the whole, annual average inflation clocked in at 1.9% in 2019, down from 2.0% in 2018.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2020, which is down 0.1 percentage points from last month’s forecast, and to average 2.4% in 2021.

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 Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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