Cost of food in Serbia increased 2 percent in December of 2019 over the same month in the previous year. Food Inflation in Serbia averaged 5.82 percent from 2007 until 2019, reaching an all time high of 32.20 percent in June of 2008 and a record low of -4.38 percent in June of 2014. source: Statistical Office of the Republic of Serbia
Food Inflation in Serbia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Serbia to stand at 3.30 in 12 months time. In the long-term, the Serbia Food Inflation is projected to trend around 4.00 percent in 2020, according to our econometric models.