The annual inflation rate in Serbia rose to 2.0 percent in January of 2020, its highest level since May, from 1.9 percent in the previous month. Prices advanced faster for food & non-alcoholic beverages (2.3 percent vs 2.0 percent in December); transport (1.6 percent vs 0.4 percent); alcoholic beverages & tobacco (5.4 percent vs 5.3 percent); recreation & culture (2.3 percent vs 2.2 percent) and health (2.0 percent vs 1.9 percent). On the other hand, housing & utilities cost slowed (2.8 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after increasing 0.5 percent in the preceding month.

Inflation Rate in Serbia averaged 5.41 percent from 2007 until 2020, 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. source: Statistical Office of the Republic of Serbia

Inflation Rate in Serbia is expected to be 2.60 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 3.10 percent in 2021, according to our econometric models.


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Serbia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.90 14.90 0.10 2007 - 2020 percent Monthly
2006=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-12 11:00 AM Oct 1% 1.1% 1.3% 1%
2019-12-12 11:00 AM Nov 1.5% 1% 1.2% 1.1%
2020-01-13 11:00 AM Dec 1.9% 1.5% 1.5% 1.4%
2020-02-21 11:00 AM Jan 2.0% 1.9% 1.9% 2.2%
2020-03-12 11:00 AM Feb 2.0%
2020-04-13 10:00 AM Mar 2.6%
2020-05-12 10:00 AM Apr
2020-06-12 10:00 AM May


News Stream
Serbia Inflation Rate Climbs to 8-Month High in January
The annual inflation rate in Serbia rose to 2.0 percent in January of 2020, its highest level since May, from 1.9 percent in the previous month. Prices advanced faster for food & non-alcoholic beverages (2.3 percent vs 2.0 percent in December); transport (1.6 percent vs 0.4 percent); alcoholic beverages & tobacco (5.4 percent vs 5.3 percent); recreation & culture (2.3 percent vs 2.2 percent) and health (2.0 percent vs 1.9 percent). On the other hand, housing & utilities cost slowed (2.8 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after increasing 0.5 percent in the preceding month.
2020-02-21
Serbia Inflation Rate Hits 7-Month High of 1.9% in December
The annual inflation rate in Serbia rose to 1.9 percent in December 2019, its highest level since May, from 1.5 percent in the previous month. Main upward pressure came from prices of housing & utilities (2.9 percent vs 1.4 percent), namely electricity, gas and other fuels (3.4 percent vs 1.2 percent); transport (0.4 percent vs -1.2 percent), of which fuels & lubricants (0.8 percent vs -3 percent); alcoholic beverages & tobacco (5.3 percent vs 5.1 percent) and recreation & culture (2.2 percent vs 1.8 percent). Meantime, cost advanced at the same pace for food & non-alcoholic beverages (2 percent) and health (1.9 percent). On a monthly basis, consumer prices went up 0.5 percent, after increasing 0.2 percent in the preceding month.
2020-01-13
Serbia Inflation Rate at 4-Month High
The annual inflation rate in Serbia rose to 1.5 percent in November 2019, its highest level since July, from 1 percent in the previous month. Prices rose faster for food & non-alcoholic beverages (2 percent vs 0.7 percent in October); housing & utilities (1.4 percent vs 1.3 percent); recreation & culture (1.8 percent vs 1.6 percent); communication (1.4 percent vs 1.1 percent); furnishings (1.6 percent vs 1.2 percent); restaurants & hotels (2.3 percent vs 1.9 percent); education (1.1 percent vs 0.4 percent). At the same time, inflation remained steady for alcoholic beverages & tobacco (at 5.1 percent) and miscellaneous goods & services (at 1.2 percent). Meanwhile, cost fell for transport (-1.2 percent vs -1.3 percent) and clothing & footwear (-1.4 percent vs -1.5 percent). On a monthly basis, consumer prices went up 0.2 percent, after increasing 0.1 percent in the prior month.
2019-12-12
Serbia Inflation Rate at 3-Year Low of 1% in October
The annual inflation rate in Serbia decreased to 1% in October 2019 from 1.1% in the previous month. It was the lowest inflation since September 2016, as cost slowed for food & non-alcoholic beverages (0.7% from 1% in September); housing & utilities (1.3% from 1.6%); recreation & culture (1.6% from 1.8%); communication (1.1% from 1.2%) and restaurant & hotels (1.9% from 2%). On the other hand, prices rose faster for furniture & household equipment (1.2% from 1.1%); alcoholic beverages & tobacco (5.1% from 5%); health (2.1% from 2%) and education (0.4% from 0.3%). Meantime, inflation was steady for miscellaneous goods & services (at 1.2%) and cost continued to drop for transport (-1.3% from -0.8%) and clothing & footwear (-1.5% from -1.3%). On a monthly basis, consumer prices edged up 0.1%, after a 0.5% fall in September.
2019-11-12

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.