Inflation in Serbia
Serbia - Inflation
Inflation climbs to six-month high in February
According to the Statistical Office of the Republic of Serbia, consumer prices climbed 0.7% over the previous month in February, accelerating from the 0.4% increase logged in January. The uptick was chiefly driven by higher prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco, whereas lower prices for clothing and footwear partly offset the rise.
Inflation rose to 2.4% in February from 2.1% in January, marking a six-month high and edging closer to 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, ticked up to 1.3% in February from 1.2%. Annual average inflation meanwhile inched up to 2.1% in February from 2.0% in January.
Serbia Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and to average 2.7% 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||4.00||0.0 %||Mar 11|
|Exchange Rate||115.0||-0.31 %||Mar 11|
|Stock Market||1,535||-0.44 %||Mar 11|
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March 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices climbed 0.7% over the previous month in February, accelerating from the 0.4% increase logged in January.
March 7, 2019
At its 7 March monetary policy meeting, 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. Sustained price stability was the main factor behind the Bank’s latest move to keep the key policy rate unchanged in March.
March 1, 2019
According to a comprehensive estimate released by the Statistical Institute on 1 March, economic growth cooled notably in the final quarter of the year.
February 28, 2019
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 5.5% over the same month last year in January, following December’s 6.3% plunge and marking the third consecutive month of falling production.
February 22, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices increased 0.4% over the prior month in January, up from the 0.1% rise in December.