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
|Inflation Rate (CPI, annual variation in %)||7.9||2.1||1.4||1.1||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Inflation Chart
Source: Statistical Office
|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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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).
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.
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.
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.
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.