The annual inflation rate in Serbia fell to 5.6 percent in February 2024 from 6.4 percent in the previous month, marking the lowest reading since August 2021 and matching market expectations. Cost eased primarily for food & non-alcoholic beverages (4.7 percent vs 7.2 percent), housing & utilities (7.6 percent vs 8.4 percent), recreation & culture (7 percent vs 8.6 percent), miscellaneous goods & services (3.9 percent vs 4.1 percent), and health (8.9 percent vs 9.7 percent). On the other hand, it grew faster for transport (3 percent vs 1.9 percent) and alcoholic beverages & tobacco (8.1 percent vs 6.4 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.3 percent increase in January. source: Statistical Office of the Republic of Serbia

Inflation Rate in Serbia decreased to 5.60 percent in February from 6.40 percent in January of 2024. Inflation Rate in Serbia averaged 5.93 percent from 2007 until 2024, reaching an all time high of 16.20 percent in March of 2023 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 March of 2024.

Inflation Rate in Serbia decreased to 5.60 percent in February from 6.40 percent in January of 2024. Inflation Rate in Serbia is expected to be 5.00 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 4.00 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-19 11:00 AM
Inflation Rate YoY
Jan 6.4% 7.6% 6.8% 6.4%
2024-03-12 11:00 AM
Inflation Rate YoY
Feb 5.6% 6.4% 5.6% 5.3%
2024-04-12 10:00 AM
Inflation Rate YoY
Mar 5.6% 5.0%


Related Last Unit Reference
CPI 271.10 points Feb 2024
CPI Housing Utilities 315.10 points Feb 2024
CPI Transportation 214.80 points Feb 2024
Food Inflation 4.70 percent Feb 2024
Inflation Rate YoY 5.60 percent Feb 2024
Inflation Rate MoM 0.60 percent Feb 2024
PPI YoY 0.70 percent Feb 2024

Serbia Inflation Rate
In Serbia, the most important category in the Consumer Price Index is Food & Non-Alcoholic Beverages (31% of the total weight). Housing & Utilities accounts for 14%; Transport for 12%; Alcoholic Beverages, Tobacco & Narcotics for 7%; Communications for 6% and Recreation & Culture for 6%. The index also includes: Health (5%), Miscellaneous Goods & Services (5%), Furniture, Household Goods & Maintenance (4%), Clothing & Footwear (4%), Restaurants & Hotels (3%), and Education (2%).
Actual Previous Highest Lowest Dates Unit Frequency
5.60 6.40 16.20 0.10 2007 - 2024 percent Monthly
2006=100

News Stream
Serbia Inflation Cools to 5.6% in February
The annual inflation rate in Serbia fell to 5.6 percent in February 2024 from 6.4 percent in the previous month, marking the lowest reading since August 2021 and matching market expectations. Cost eased primarily for food & non-alcoholic beverages (4.7 percent vs 7.2 percent), housing & utilities (7.6 percent vs 8.4 percent), recreation & culture (7 percent vs 8.6 percent), miscellaneous goods & services (3.9 percent vs 4.1 percent), and health (8.9 percent vs 9.7 percent). On the other hand, it grew faster for transport (3 percent vs 1.9 percent) and alcoholic beverages & tobacco (8.1 percent vs 6.4 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.3 percent increase in January.
2024-03-12
Serbia Inflation Rate Falls More than Expected
The annual inflation rate in Serbia fell to 6.4 percent in January 2024 from 7.6 percent in the previous month, the lowest since September 2021 and below market expectations of 6.8 percent. Cost eased for food & non-alcoholic beverages (7.2 percent vs 8.4 percent in December), housing & utilities (8.4 percent vs 11.6 percent), alcoholic beverages & tobacco (6.4 percent vs 8.8 percent), communication (0.9 percent vs 1 percent), recreation & culture (8.6 percent vs 9.1 percent), miscellaneous goods & services (4.1 percent vs 6.7 percent), furniture & household equipment (8.2 percent vs 9.4 percent), clothing & footwear (7.4 percent vs 8.8 percent), restaurant & hotels (9.6 percent vs 9.7 percent) and education (3.8 percent vs 3.9 percent). On the other hand, prices advanced faster for transport (1.9 percent vs 1.1 percent) and health (9.7 percent vs 9.2 percent). On a monthly basis, consumer prices went up 0.3 percent, following a 0.1 percent increase in December.
2024-02-19
Serbia Inflation Rate Eases to Over 2-Year Low
The annual inflation rate in Serbia eased to an over 2-year low of 7.6% in December 2023 from 8% in the previous month, below market consensus of a 7.75% print, mainly driven by a notable slowdown in food prices (8.4% vs 9.3% in November). There was also a deceleration in the cost of alcoholic beverages, tobacco & narcotics (8.8% vs 9.2%), housing & utilities (11.6% vs 13%), furnishings & household equipment (9.4% vs 11.2%), and miscellaneous goods (6.7% vs 7.4%). On the other hand, inflation accelerated for clothing & footwear (8.8% vs 8.6%), health (9.2% vs 9%), communication (1% vs 0.7%), and recreation & culture (9.1% vs 8.7%). In addition, the cost of transport started to rise again (1.1% vs -0.6%). Compared to the previous month, consumer prices rose by 0.1%, below the 0.5% increase in the prior period.
2024-01-12