Inflation in Serbia
Serbia - Inflation
Inflation slides in September
Consumer prices decreased 0.3% from the previous month in September, eclipsing August’s 0.3% increase. According to the Statistical Office of the Republic of Serbia, September’s result came on the back of lower prices for recreation and culture; communication; food and non-alcoholic beverages; and furniture, household equipment and maintenance.
Inflation eased to 2.1% in September from 2.6% in August, remaining within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation inched down to 2.2% in September from 2.3% in August. Meanwhile core inflation, which excludes prices for food, energy, alcohol and cigarettes, was stable at 1.1% in September.
Met the why particular Consensus Forecast panelists expect inflation to average 2.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and average 2.9% again 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||3.75||0.0 %||Oct 16|
|Exchange Rate||112.2||-0.31 %||Oct 16|
|Stock Market||1,535||-0.44 %||Oct 16|
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October 12, 2018
Consumer prices decreased 0.3% from the previous month in September, eclipsing August’s 0.3% increase.
October 8, 2018
At its 8 October monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for the last seven months. The Bank’s decision was mainly guided by well-anchored inflation expectations.
September 28, 2018
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 4.3% over the same month last year, contrasting the 1.7% increase recorded in July and ending an over one-year run of consecutive expansions.
September 12, 2018
Consumer prices increased 0.3% from the previous month in August, contrasting July’s 0.3% decrease.
September 6, 2018
At its 6 September monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate on hold at 3.00%, where it has been since April.