The annual inflation rate in Serbia decreased to 1.8 percent in September of 2020 from 1.9 percent in the previous month, below market expectations of 2 percent. Cost slowed for furniture & household equipment (0.6 percent vs 0.7 percent) and health (1.5 percent vs 1.7 percent) while transport prices continued to fall (-4.7 percent vs -4.9 percent). Meantime, inflation was steady for food & non-alcoholic beverages (at 3.5 percent); housing & utilities (at 2 percent); alcoholic beverages & tobacco (at 5.3 percent); miscellaneous goods & services (at 1 percent) and education (at 0.9 percent). On a monthly basis, consumer prices went down 0.5 percent, following a 0.1 percent drop in August. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.22 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 October of 2020.
Inflation Rate in Serbia is expected to be 1.50 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.