The annual inflation rate in Serbia rose to 3.1 percent in April of 2019 from 2.8 percent in the previous month and well above market expectations of 2.6 percent. It was the highest inflation rate since September of 2017, as prices advanced faster for all main categories: food & non-alcoholic beverages (5.5 percent from 4.9 percent in March), particularly vegetables (37.5 percent), brad and cereals (3 percent) and meat (1.6 percent); housing & utilities (1.5 percent from 1.4 percent); transport (4 percent from 3.8 percent); alcoholic beverages & tobacco (5.2 percent from 5.1 percent); health (2.6 percent from 2.4 percent); miscellaneous goods & services (1.9 percent from 1.3 percent) and furniture & household goods (0.6 percent from 0.4 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.4 percent gain and also above consensus of a 0.4 percent increase. Inflation Rate in Serbia averaged 5.65 percent from 2007 until 2019, 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.

Inflation Rate in Serbia is expected to be 1.90 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 2.60 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Serbia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 11:00 AM Inflation Rate YoY 2.1% 2% 2.1% 2.2%
2019-03-12 11:00 AM Inflation Rate YoY 2.4% 2.1% 2.2% 2.4%
2019-04-12 10:00 AM Inflation Rate YoY 2.8% 2.4% 2.5% 2.6%
2019-05-13 10:00 AM Inflation Rate YoY 3.1% 2.8% 2.6% 2.5%
2019-06-12 10:45 AM Inflation Rate YoY 3.1% 2.0%
2019-07-12 10:00 AM Inflation Rate YoY 1.9%
2019-08-12 10:00 AM Inflation Rate YoY 2.0%


Serbia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 2.80 14.90 0.10 percent [+]
Consumer Price Index CPI 199.40 198.00 199.40 101.90 Index Points [+]
Inflation Rate Mom 0.70 0.40 2.80 -1.10 percent [+]
Food Inflation 5.50 4.90 32.20 -4.38 percent [+]
Cpi Housing Utilities 121.00 211.80 211.80 101.90 Index Points [+]
CPI Transportation 179.00 177.60 180.50 96.60 Index Points [+]


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. This page provides - Serbia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.80 14.90 0.10 2007 - 2019 percent Monthly
2006=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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