Serbia's consumer price inflation rate rose to 1.8 percent in March 2021 from 1.2 percent in the previous month, the highest since last October and above market expectations of 1.7 percent. Prices increased at faster pace for food and non-alcoholic beverages (0.3 percent vs -0.3 percent in February); transports (0.7 percent vs -2.5 percent); alcoholic beverages and tobacco (5.2 percent vs 4.8 percent); recreation and culture (4.1 percent vs 3.7 percent); miscellaneous goods and services (1.6 percent vs 1.4 percent). Meantime, prices of housing and utilities rose 4.4 percent, the same as in the previous month. On a monthly basis, consumer prices advanced 0.5 percent in March, in line with forecasts, easing from a 0.6 percent increase in the February. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.09 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 May of 2021.
Inflation Rate in Serbia is expected to be 1.70 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 2.40 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.