Inflation in Serbia

Serbia Inflation | Economic News & Forecasts

Serbia - Inflation

Inflation reaches over one-year high in March

According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February. The uptick was chiefly driven by a surge in prices for food and non-alcoholic beverages and transport, whereas lower prices for clothing and footwear partly offset the rise.

Inflation accelerated to 2.8% in March from 2.4% in February, representing a fifteen-month high and coming in just below 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, meanwhile was stable at February’s 1.3% in March. Annual average inflation meanwhile inched up to 2.2% in March from 2.1% in February.

Met the why particular Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and to average 2.7% in 2020.

Serbia - Inflation Data

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

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Serbia Inflation Chart


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

Serbia Facts

ValueChangeDate
Bond Yield3.850.0 %May 13
Exchange Rate115.1-0.31 %May 13
Stock Market1,577-0.44 %May 13

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