Serbia's annual inflation eased to 1.9 percent in November 2018 from 2.2 percent in the previous month, and well below market expectations of 2.4 percent. This was the lowest rate since April as prices rose at a slower pace for food & non-alcoholic beverages (1.4 percent vs 1.7 percent in October); housing & utilities (1.5 percent vs 1.6 percent); transport (6 percent vs 6.7 percent); alcoholic beverages & tobacco (5.1 percent vs 5.4 percent); and recreation & culture (2.9 percent vs 3.1 percent). On a monthly basis, consumer prices fell 0.3 percent in November, after a 0.3 percent gain in October and compared to market consensus of a 0.2 percent advance. Inflation Rate in Serbia averaged 5.76 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.