The annual inflation rate in Serbia decreased to 1.1 percent in September of 2019 from 1.3 percent in the previous month. It was the lowest inflation since April of 2018, as cost slowed for food & non-alcoholic beverages (1 percent from 1.3 percent in August); alcoholic beverages & tobacco (5 percent from 5.1 percent); recreation & culture (1.8 percent from 2 percent); health (2 percent from 2.1 percent); miscellaneous goods & services (1.2 percent from 1.4 percent) and education (0.3 percent from 0.4 percent). Also, prices fell further for transport (-0.8 percent from -0.1 percent) and clothing & footwear (-1.3 percent from -0.9 percent). On the other hand, cost advanced faster for housing & utilities (1.5 percent from 1.3 percent); communication (1.2 percent from 0.5 percent); furniture & household equipment (1.1 percent from 1 percent) and restaurant & hotels (2 percent from 1.3 percent). On a monthly basis, consumer prices went down 0.5 percent, after showing no growth in August. Inflation Rate in Serbia averaged 5.51 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 1.80 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 2.80 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
2019-07-12 10:00 AM Inflation Rate YoY Jun 1.5% 2.2% 2.4% 1.9%
2019-08-12 10:00 AM Inflation Rate YoY Jul 1.6% 1.5% 1.7% 1.7%
2019-09-12 10:00 AM Inflation Rate YoY Aug 1.3% 1.6% 1.7% 1.7%
2019-10-11 10:00 AM Inflation Rate YoY Sep 1.1% 1.3% 1.55% 1.4%
2019-11-12 11:00 AM Inflation Rate YoY Oct 1.1% 1.7%
2019-12-12 11:00 AM Inflation Rate YoY Nov 1.8%


Serbia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.30 14.90 0.10 percent [+]
Consumer Price Index CPI 197.00 197.90 199.40 101.90 Index Points [+]
Inflation Rate Mom -0.50 0.00 2.80 -1.10 percent [+]
Food Inflation 1.00 1.30 32.20 -4.38 percent [+]
Cpi Housing Utilities 213.70 213.30 213.70 101.90 Index Points [+]
CPI Transportation 177.40 177.80 180.50 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.30 14.90 0.10 2007 - 2019 percent Monthly
2006=100




Country Last Previous
Argentina 53.50 Sep/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Sep/19
China 3.00 Sep/19
Euro Area 0.80 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.30 Sep/19
Japan 0.20 Sep/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Sep/19
United States 1.70 Sep/19


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