The annual inflation rate in Serbia climbed to 6.6 percent in October of 2021 from 5.7 percent the previous month and above market expectations of 5.95 percent. It was the highest reading since August of 2013, as consumer prices advanced for food & non-alcoholic beverages (9.8 percent vs 8.3 percent in September), housing & utilities (6.5 percent vs 5.6 percent), transport (11.7 percent vs 9.2 percent), and alcoholic beverages & tobacco (6.1 percent vs 5.8 percent). Meanwhile, inflation remained constant for restaurants & hotels (at 3.9 percent) and slowed for health (2.7 percent vs 2.9 percent), communication (0.5 percent vs 1 percent). On a monthly basis, consumer prices edged up 0.9 percent, above a 0.8 percent uptick in September. source: Statistical Office of the Republic of Serbia

Inflation Rate in Serbia averaged 5.06 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 December of 2021.

Inflation Rate in Serbia is expected to be 7.00 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 3.30 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Serbia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 10:00 AM Sep 5.7% 4.3% 4.4% 4.6%
2021-11-12 11:00 AM Oct 6.6% 5.7% 5.95% 6%
2021-12-13 11:00 AM Nov 6.6%


Related Last Previous Unit Reference
Inflation Rate 6.60 5.70 percent Oct/21
Consumer Price Index CPI 214.10 212.10 points Oct/21
Inflation Rate Mom 0.90 0.80 percent Oct/21
Producer Prices Change 15.00 13.10 percent Oct/21
Food Inflation 9.80 8.30 percent Oct/21
CPI Transportation 188.20 184.80 points Oct/21
CPI Housing Utilities 232.20 230.20 points Oct/21

News Stream
Serbia Annual Inflation Rate at Over 8-Year-High
The annual inflation rate in Serbia climbed to 6.6 percent in October of 2021 from 5.7 percent the previous month and above market expectations of 5.95 percent. It was the highest reading since August of 2013, as consumer prices advanced for food & non-alcoholic beverages (9.8 percent vs 8.3 percent in September), housing & utilities (6.5 percent vs 5.6 percent), transport (11.7 percent vs 9.2 percent), and alcoholic beverages & tobacco (6.1 percent vs 5.8 percent). Meanwhile, inflation remained constant for restaurants & hotels (at 3.9 percent) and slowed for health (2.7 percent vs 2.9 percent), communication (0.5 percent vs 1 percent). On a monthly basis, consumer prices edged up 0.9 percent, above a 0.8 percent uptick in September.
2021-11-12
Serbia Inflation Rate at Over 8-Year High
The annual inflation rate in Serbia rose to 5.7 percent in September of 2021 from 4.3 percent the previous month and far above market expectations of 4.4 percent. It was the highest reading since August of 2013, as consumer prices accelerated for food and non-alcoholic beverages (8.3 percent vs 5.2 percent in August), housing and utilities (5.6 percent vs 5.2 percent), alcoholic beverages and tobacco (5.8 percent vs 5.5 percent), and healthcare (2.9 percent vs 2.6 percent). At the same time, prices rebounded for recreation and culture (3.2 percent vs -1.1 percent) while inflation remained constant for transportation (at 9.2 percent). On a monthly basis, consumer prices edged up 0.8 percent, following a 0.9 percent gain in August.
2021-10-12
Serbia Inflation Rate Rises to 8-Year High
The annual inflation rate in Serbia accelerated to 4.3 percent in August of 2021 from 3.3 percent in the previous month, above market expectations of 3.2 percent. It was the highest inflation since September of 2013, with main upward pressure coming from prices of food & non-alcoholic beverages (5.2 percent vs 1.7 percent in July); housing & utilities (5.2 percent vs 4.9 percent); alcoholic beverages & tobacco (5.5 percent vs 5.5 percent). Meanwhile, inflation in the transport sector remains high, although it slowed from July (9.2 percent vs 9.5 percent). On a monthly basis, consumer prices went up 0.9 percent, following a 0.2 percent gain in July.
2021-09-13

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.