The annual inflation rate in Serbia slowed to 3.3 percent in June of 2021 from 3.6 percent in the previous month, which was the highest in nearly four years, but above market expectations of 3.1 percent. Cost slowed for food and non-alcoholic beverages (1.2 percent vs 2.4 percent in May) and housing & utilities inflation was steady (at 4.9 percent) while transport cost accelerated (10.2 percent vs 9.6 percent). On a monthly basis, consumer prices edged up 0.3 percent, following a 0.5 percent increase in May. source: Statistical Office of the Republic of Serbia

Inflation Rate in Serbia averaged 5.06 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 July of 2021.

Inflation Rate in Serbia is expected to be 2.90 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 2.50 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.

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Serbia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.60 14.90 0.10 2007 - 2021 percent Monthly
2006=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-12 10:00 AM Mar 1.8% 1.2% 1.65% 1.3%
2021-05-12 10:00 AM Apr 2.8% 1.8% 1.9% 2.2%
2021-06-11 10:00 AM May 3.6% 2.8% 2.9% 3.3%
2021-07-12 10:00 AM Jun 3.3% 3.6% 3.1% 3.1%
2021-08-12 10:00 AM Jul 3.3%
2021-09-13 10:00 AM Aug
2021-10-12 10:00 AM Sep
2021-11-12 11:00 AM Oct


News Stream
Serbia Inflation Rate Slows Less than Expected to 3.3%
The annual inflation rate in Serbia slowed to 3.3 percent in June of 2021 from 3.6 percent in the previous month, which was the highest in nearly four years, but above market expectations of 3.1 percent. Cost slowed for food and non-alcoholic beverages (1.2 percent vs 2.4 percent in May) and housing & utilities inflation was steady (at 4.9 percent) while transport cost accelerated (10.2 percent vs 9.6 percent). On a monthly basis, consumer prices edged up 0.3 percent, following a 0.5 percent increase in May.
2021-07-12
Serbia Inflation Rate at Near 4-Year High
Serbia’s annual inflation rate jumped to 3.6 percent in May of 2021 from 2.8 percent in the previous month, beating market expectations of a 2.9 percent rise. It was the highest inflation since June of 2017, driven mostly by prices in transports (9.6 percent vs 5.7 percent in April); food & non-alcoholic beverages (2.4 percent vs 1.7 percent); and housing & Utilities (4.9 percent vs 4.5 percent). On a monthly basis, consumer prices edged up 0.5 percent, following a 1.1 percent increase in April.
2021-06-11
Serbia Inflation Rate Picks Up to 2-Year High
The annual inflation rate in Serbia picked up to 2.8 percent in April of 2021 from 1.8 percent in the previous month, above market expectations of 1.9 percent. It was the highest inflation since April of 2019, with main upward pressure coming from prices of food & non-alcoholic beverages (1.7 percent vs 0.3 percent in March); housing & Utilities (4.5 percent vs 4.4 percent); transport (5.7 percent vs 0.7 percent); alcoholic beverages & tobacco (5.4 percent vs 5.2 percent). On a monthly basis, consumer prices went up 1.1 percent, following a 0.5 percent gain in March.
2021-05-12
Serbia Inflation Rate Beats Expectations in March
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.
2021-04-12

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.