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. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.07 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 June of 2021.
Inflation Rate in Serbia is expected to be 3.50 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 2.40 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.