The annual inflation rate in Serbia climbed to 10.4 percent in May of 2022 from 9.6 percent in the previous month and beating market expectations of 9.9 percent. It was the highest reading since April of 2013, underpinned by higher prices of food and non-alcoholic beverages (16 percent vs 15.8 percent in April), housing and utilities (6.7 percent vs 6 percent); and transportation (15.7 percent vs 13.4 percent). Additional upward pressure came from furnishings and household maintenance (10.1 percent vs 8 percent), recreation and culture (5.9 percent vs 5.5 percent); and clothing and footwear (3.7 percent vs 3.3 percent). On a monthly basis, consumer prices went up by 1.2 percent, slowing from a 1.5 percent increase in the prior month. source: Statistical Office of the Republic of Serbia
Inflation Rate in Serbia averaged 5.20 percent from 2007 until 2022, 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 July of 2022.
Inflation Rate in Serbia is expected to be 10.20 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 4.60 percent in 2023 and 4.00 percent in 2024, according to our econometric models.