The annual inflation rate in Serbia rose to 1.9 percent in December 2019, its highest level since May, from 1.5 percent in the previous month. Main upward pressure came from prices of housing & utilities (2.9 percent vs 1.4 percent), namely electricity, gas and other fuels (3.4 percent vs 1.2 percent); transport (0.4 percent vs -1.2 percent), of which fuels & lubricants (0.8 percent vs -3 percent); alcoholic beverages & tobacco (5.3 percent vs 5.1 percent) and recreation & culture (2.2 percent vs 1.8 percent). Meantime, cost advanced at the same pace for food & non-alcoholic beverages (2 percent) and health (1.9 percent). On a monthly basis, consumer prices went up 0.5 percent, after increasing 0.2 percent in the preceding month.
Inflation Rate in Serbia averaged 5.44 percent from 2007 until 2019, 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. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia is expected to be 2.60 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 2.90 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 3.10 percent in 2021, according to our econometric models.