Serbia's consumer price inflation rate slowed to 1.1 percent in January 2021, the lowest since last May and below market expectations of 1.4 percent, as prices rose at slower pace for food and non-alcoholic beverages (0.4 percent vs 1.9 percent in December), alcoholic beverages and tobacco (5.2 percent vs 5.4 percent), recreation and culture (4.6 percent vs 5.2 percent), communication (7.8 percent vs 7.9 percent), and miscellaneous goods and services (1.2 percent vs 1.3 percent). At the same time, transport cost continued to fall (-4.5 percent vs -5.4 percent). Housing and utilities prices jumped 2.9 percent, compared to 0.7 percent in December. On a monthly basis, consumer prices increased 0.4 percent in January, slightly above forecasts of 0.3 percent. source: Statistical Office of the Republic of Serbia

Inflation Rate in Serbia averaged 5.13 percent from 2007 until 2021, reaching an all time high of 14.90 percent in June of 2008 and a record low of 0.10 percent in January of 2015. This page provides - Serbia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Inflation Rate in Serbia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Serbia to stand at 2.90 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 2.90 percent in 2022 and 3.10 percent in 2023, according to our econometric models.

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Serbia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.30 14.90 0.10 2007 - 2021 percent Monthly
2006=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 11:00 AM Oct 1.8% 1.8% 1.9% 1.7%
2020-12-11 11:00 AM Nov 1.7% 1.8% 1.75% 1.6%
2021-01-12 11:00 AM Dec 1.3% 1.7% 1.5%
2021-02-22 11:00 AM Jan 1.1% 1.3% 1.4% 1.1%
2021-03-12 11:00 AM Feb 1.1% 1.1%
2021-04-12 10:00 AM Mar
2021-05-12 10:00 AM Apr
2021-06-11 10:00 AM May


News Stream
Serbia Inflation Rate Falls to 8-Month Low
Serbia's consumer price inflation rate slowed to 1.1 percent in January 2021, the lowest since last May and below market expectations of 1.4 percent, as prices rose at slower pace for food and non-alcoholic beverages (0.4 percent vs 1.9 percent in December), alcoholic beverages and tobacco (5.2 percent vs 5.4 percent), recreation and culture (4.6 percent vs 5.2 percent), communication (7.8 percent vs 7.9 percent), and miscellaneous goods and services (1.2 percent vs 1.3 percent). At the same time, transport cost continued to fall (-4.5 percent vs -5.4 percent). Housing and utilities prices jumped 2.9 percent, compared to 0.7 percent in December. On a monthly basis, consumer prices increased 0.4 percent in January, slightly above forecasts of 0.3 percent.
2021-02-22
Serbia December Inflation Rate Eases to 7-Month Low
Serbia's annual inflation rate dropped to 1.3 percent in December of 2020 from 1.7 percent in the previous month and reaching its lowest level since last May. Prices slowed mostly for food & non-alcoholic beverages (1.9 percent vs 3.1 percent in November) and housing & utilities (0.7 percent vs 2.2 percent). In addition, transport cost continued to fall (-5.4 percent vs -5.9 percent). On a monthly basis, consumer prices were up 0.1 percent, after being flat in the previous month.
2021-01-12
Serbia Inflation Rate Slows to 5-Month Low
Serbia's annual inflation rate edged down to 1.7 percent in November 2020, the lowest since June and compared with market expectations of 1.75 percent, as food & non-alcoholic beverages prices rose at a softer pace (3.1 percent vs 3.4 percent in October) and transport cost continued to fall (-5.9 percent vs -5.4 percent). Meanwhile, inflation picked up for housing & utilities (2.2 percent vs 2.0 percent), alcoholic beverages & tobacco (5.4 percent vs 5.3 percent), and miscellaneous goods & services (1.1 percent vs 1.0 percent). On a monthly basis, consumer prices were unchanged in November, after a 0.1 percent advance in October.
2020-12-11
Serbia Inflation Rate Steady at 1.8% in October
The annual inflation rate in Serbia was at 1.8 percent in October 2020, the same as in the previous month and below market expectations of 1.9 percent. Inflation was steady for housing & utilities (at 2 percent); alcoholic beverages & tobacco (at 5.3 percent); miscellaneous goods & services (at 1 percent); and furniture & household equipment (at 0.6 percent). On the other hand, cost of for food & non-alcoholic beverages slowed (3.4 percent vs 3.5 percent); and transport prices fell at a faster pace (-5.4 percent vs -4.7 percent). Meantime, cost rose further for health (1.6 percent vs 1.5 percent); and education (1.3 percent vs 0.9 percent). On a monthly basis, consumer prices increased 0.1 percent, rebounding from a 0.5 percent drop in the prior month.
2020-11-12

Serbia Inflation Rate
In Serbia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (32.1 percent of total weight). Housing and Utilities accounts for 13.7 percent; Transport for 12.7 percent; Alcoholic beverages and Tobacco for 7.3 percent; Recreation and Culture for 5.6 percent and Communication for 5.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Clothing and Footwear; Restaurants and Hotels and Education account for the remaining 23.5 percent of total weight.