Annual inflation rate in Serbia edged up to 2.2 percent in October 2018 from 2.1 percent in the previous month, but below market expectations of a 2.4 percent rise. Cost advanced faster for food & non-alcoholic beverages (1.7% from 1.4% in September), mainly due to vegetables; transport (6.7% from 5.9%), amid higher prices for fuels & lubricants; recreation & culture (3.1% from 2.8%) and restaurant & hotels (1.3% from 1%); and dropped less for communication (-1.0% from -1.9%). Contrarily, prices slowed for housing & utilities (1.6% from 2.2%); alcoholic beverages & tobacco (5.4% from 5.6%); health (1.7% from 2.2%) and miscellaneous goods & services (1.4% from 2%); while cost fell 1.5 percent for clothing & footwear (from a 0.9% decline in the prior month). On a monthly basis, consumer prices increased 0.3 percent, in line with market consensus and compared with a 0.3 percent drop in September. Inflation Rate in Serbia averaged 5.79 percent from 2007 until 2018, 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.

Inflation Rate in Serbia is expected to be 2.30 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 2.60 in 12 months time. In the long-term, the Serbia Inflation Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

Serbia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 10:00 AM Inflation Rate YoY 2.6% 2.4% 2.5%
2018-10-12 10:00 AM Inflation Rate YoY 2.1% 2.6% 2.8% 2.4%
2018-11-13 11:00 AM Inflation Rate YoY 2.2% 2.1% 2.4% 2.4%
2018-12-12 11:00 AM Inflation Rate YoY 2.2% 2.3%


Serbia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.10 14.90 0.10 percent [+]
Consumer Price Index CPI 195.40 194.80 195.40 101.90 Index Points [+]
Inflation Rate Mom 0.30 -0.30 2.80 -1.10 percent [+]
Food Inflation 1.70 1.40 32.20 -4.38 percent [+]
Cpi Housing Utilities 211.10 210.60 211.10 101.90 Index Points [+]
CPI Transportation 180.50 178.80 180.50 96.60 Index Points [+]


Serbia Inflation Rate

In Serbia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (32.1 percent of total weight). Housing and Utilities accounts for 13.7 percent; Transport for 12.7 percent; Alcoholic beverages and Tobacco for 7.3 percent; Recreation and Culture for 5.6 percent and Communication for 5.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Clothing and Footwear; Restaurants and Hotels and Education account for the remaining 23.5 percent of total weight. This page provides - Serbia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.10 14.90 0.10 2007 - 2018 percent Monthly
2006=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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