Serbia Inflation

Inflation rises in April from March

Latest reading: Consumer prices rose 3.3% on a year-on-year basis in April, following a 2.8% rise in the prior month. April's reading was the strongest since August 2025. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (-1.1% on a year-on-year basis vs -1.2% in March), transportation (+6.3% vs +2.7% in March), housing and utilities (+9.1% vs +8.8% in March), restaurants and hotels (+7.6% vs +7.4% in March) and clothing and footwear (+1.5% vs +1.3% in March). Meanwhile, core consumer prices were up 4.4% in annual terms in April, following a 4.2% rise in the previous month. Finally, consumer prices increased 0.79% in April on a month-on-month basis, following a 0.49% rise in the previous month.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian inflation projections for the next ten years from a panel of 24 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Serbian inflation.

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