Serbia's annual inflation rate fell to 1.9 percent in August 2020 from 2 percent in the previous month and below market expectations of 2.1 percent. Prices slowed for food & non-alcoholic beverages (3.5 percent vs 4.3 percent in July); housing & utilities slowed (2 percent vs 2.2 percent); and alcoholic beverages & tobacco (5.3 percent vs 6.5 percent). Meanwhile, cost advanced further for miscellaneous goods & services (1 percent vs 0.8 percent); furniture & household equipment dropped (0.7 percent vs 0.1 percent); health (1.7 percent vs 1.5 percent); and education (0.9 percent vs 0.8 percent). Also, cost of transport fell at a softer pace (-4.9 percent vs -5.8 percent). On a monthly basis, consumer prices went down 0.1 percent, after increasing 0.2 percent in the prior month and compared with market forecasts of a 0.3 percent rise.
Inflation Rate in Serbia averaged 5.24 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 September 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 2.50 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.