Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation moderates to one-and-a-half year low in April

Consumer prices increased 0.4% from the previous month in April, above March’s 0.1% print. According to the Statistical Office of the Republic of Serbia, higher prices for clothing and footwear, transport, and food and non-alcoholic beverages were largely behind the monthly increase.

Inflation moderated from 1.4% in March to 1.1% in April, again coming in below the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. April’s print marked the fourth consecutive drop and the lowest figure since September 2016. Annual average inflation, meanwhile, slowed to 2.5% in April from 2.8% in March.

Core inflation—which excludes volatile items including energy, food, alcohol and cigarettes—remained stable in April at the 0.8% figure recorded in March.

The National Bank of Serbia’s inflation target for this year and next is 3.0% plus or minus 1.5 percentage points. Met the why particular Consensus Forecast panelists expect inflation to average 2.6% in 2018, which is unchanged from last month’s forecast. They see inflation accelerating to 3.3% in 2019.

Serbia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)7.9  2.1  1.4  1.1  3.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Serbia Inflation Chart

Serbia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Statistical Office

Serbia Facts

Bond Yield3.900.0 %Jun 13
Bond Yield3.900.0 %Jun 13
Exchange Rate112.1-0.31 %Jun 14
Exchange Rate112.1-0.31 %Jun 14
Stock Market1,552-0.44 %Jun 14
Stock Market1,552-0.44 %Jun 14

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form