The annual inflation rate in Serbia accelerated to 4.3 percent in August of 2021 from 3.3 percent in the previous month, above market expectations of 3.2 percent. It was the highest inflation since September of 2013, with main upward pressure coming from prices of food & non-alcoholic beverages (5.2 percent vs 1.7 percent in July); housing & utilities (5.2 percent vs 4.9 percent); alcoholic beverages & tobacco (5.5 percent vs 5.5 percent). Meanwhile, inflation in the transport sector remains high, although it slowed from July (9.2 percent vs 9.5 percent). On a monthly basis, consumer prices went up 0.9 percent, following a 0.2 percent gain in July. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.04 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 September of 2021.
Inflation Rate in Serbia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.