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.

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Serbia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 14.90 0.10 2007 - 2020 percent Monthly
2006=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-12 11:00 AM Feb 1.9% 2.0% 1.8% 1.9%
2020-04-13 10:00 AM Mar 1.3% 1.9% 1.9% 1.8%
2020-05-12 10:00 AM Apr 0.6% 1.3% 1.5% 1.5%
2020-06-12 10:00 AM May 0.7% 0.6% 1% 0.8%
2020-07-13 10:00 AM Jun 0.7% 1% 0.9%
2020-08-12 10:00 AM Jul
2020-09-11 10:00 AM Aug
2020-10-12 10:00 AM Sep 0.9%


News Stream
Serbia Annual Inflation Rate Rises to 0.7% in May
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.
2020-06-12
Serbia April Inflation Rate Falls to Over 3-1/2-Year Low
The annual inflation rate in Serbia dropped to 0.6 percent in April 2020 from 1.3 percent in the previous month and below market expectations of 1.5 percent. It was the lowest inflation rate since September 2016, as prices slowed for food & non-alcoholic beverages (0.3 percent from 0.4 percent in March); housing & utilities (2.4 percent from 2.6 percent); furniture & household equipment (0.4 percent from 0.6 percent); miscellaneous goods & services (0.3 percent from 0.9 percent); alcoholic beverages & tobacco (5.1 percent from 5.3 percent); health (1.4 percent from 1.6 percent); and education (1 percent from 1.1 percent). Additionally, cost of transport fell further (-5.8 percent from -1.3 percent), due to a decline in fuel prices. On a monthly basis, consumer prices were unchanged, after decreasing 0.1 percent in March.
2020-05-12
Serbia Inflation Rate Drops to 5-Month Low of 1.3%
The annual inflation rate in Serbia fell to 1.3 percent in March of 2020 from 1.9 percent in the previous month, the lowest since October of 2019 and well below market expectations of 1.9 percent. Cost slowed for food & non-alcoholic beverages (0.4 percent from 1.5 percent in February); housing & utilities (2.6 percent from 2.7 percent); furniture & household equipment (0.6 percent from 0.9 percent); miscellaneous goods & services (0.9 percent from 1.2 percent); restaurant & hotels (1.4 percent from 1.7 percent); alcoholic beverages & tobacco (5.3 percent from 5.4 percent) and health (1.6 percent from 1.8 percent). Also, prices fell for transport (-1.3 percent from 0.9 percent) while inflation was steady for education (at 1.1 percent). On a monthly basis, consumer prices dropped 0.1 percent, after a 0.6 percent gain in February.
2020-04-13
Serbia Inflation Rate Slows Less than Expected
The annual inflation rate in Serbia edged down to 1.9 percent in February 2020 from 2.0 percent in the previous month but above market expectations of 1.8 percent. Main upward pressures came from food & non-alcoholic beverages (1.5 percent); housing & utilities (2.7 percent) and transport (0.9 percent). Meantime, clothing & footwear cost declined 2.2 percent. On a monthly basis, consumer prices went up 0.6 percent, the same as in January.
2020-03-12

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.