The annual inflation rate in Serbia rose to 0.7 percent in May 2020 from 0.6 percent in the previous month, but below market expectations of 1 percent. Prices advanced further for food & non-alcoholic beverages (2.1 percent vs 0.3 percent in April); alcoholic beverages & tobacco (5.2 percent vs 5.1 percent); miscellaneous goods & services (0.5 percent vs 0.3 percent); and health (1.6 percent vs 1.4 percent). On the other hand, cost of housing & utilities slowed (2.3 percent vs 2.4 percent) and inflation was steady for education (at 1 percent). Also, cost of transport fell further (-9.3 percent vs -5.8 percent), due to a decline in fuel prices; and cost of furniture & household equipment dropped (-0.1 percent vs 0.4 percent). On a monthly basis, consumer prices went down 0.2 percent, after being unchanged in the prior month.
Inflation Rate in Serbia averaged 5.31 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. Serbia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia is expected to be 0.90 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 2.30 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 2.90 percent in 2021 and 3.10 percent in 2022, according to our econometric models.