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.