The annual inflation rate in Serbia increased to 1.2 percent in February of 2021, up from an eight-month low of 1.1 percent in the previous month and slightly above market expectations of 1.1 percent. Main upward pressure came from prices of housing and utilities (4.4 percent vs 2.9 percent in January) and miscellaneous goods and services (1.4 percent vs 1.2 percent). Meanwhile, inflation eased for alcoholic beverages and tobacco (4.8 percent vs 5.2 in January), recreation and culture (3.7 percent vs 4.6 percent) and communication (3.7 percent vs 7.8 percent); while prices fell for food and non-alcoholic beverages (-0.3 percent vs 0.4 percent) and transport (-2.5 percent vs -4.5 percent). On a monthly basis, consumer prices increased 0.6 percent in February, following a 0.4 increase in January. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.11 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 April of 2021.
Inflation Rate in Serbia is expected to be 1.30 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 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.