Inflation in Serbia
Serbia - Inflation
Inflation edges higher in July
Consumer prices declined 0.3% from the previous month in July, contrasting June’s 0.4% increase. According to the Statistical Office of the Republic of Serbia, lower prices for food and non-alcoholic beverages; and clothing and footwear drove the decline.
Inflation increased from 2.3% in June to 2.4% in July, within the Central Bank’s target range of 3.0% plus or minus 1.5 percentage points. Annual average inflation was unchanged at 2.3%.
Serbia Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 2.3% in 2018, which is unchanged from last month’s forecast. They see inflation averaging 3.0% in 2019.
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||3.80||0.0 %||Aug 07|
|Exchange Rate||111.7||-0.31 %||Aug 07|
|Stock Market||1,511||-0.44 %||Aug 07|
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August 13, 2018
Consumer prices declined 0.3% from the previous month in July, contrasting June’s 0.4% increase.
August 9, 2018
At its 9 August monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate on hold at 3.0%, a decision that met market expectations. The NBS considered its decision appropriate in the context of increasing inflationary pressures, as the Bank aims to anchor inflation in its target range of 1.5%–4.5%.
July 12, 2018
Consumer prices increased 0.4% from the previous month in June, below May’s 0.6% print.
June 29, 2018
Industrial production expanded 0.5% over the same month last year in May.
June 11, 2018
At its monthly monetary policy meeting held on 11 June, the Executive Board of the National Bank of Serbia (NBS) decided to leave the key policy rate unchanged at 3.00%.