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 June 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.

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Serbia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-12 10:00 AM Apr 9.6% 9.1% 9.5% 9.2%
2022-06-13 10:00 AM May 10.4% 9.6% 9.9% 10.3%
2022-07-12 10:00 AM Jun 10.4%


Related Last Previous Unit Reference
Inflation Rate 10.40 9.60 percent May 2022
Consumer Price Index CPI 229.10 226.30 points May 2022
Producer Prices Change 18.20 18.00 percent May 2022
Inflation Rate Mom 1.20 1.50 percent May 2022
Food Inflation 16.00 15.80 percent May 2022
CPI Transportation 207.20 202.10 points May 2022
CPI Housing Utilities 242.90 240.70 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
10.40 9.60 14.90 0.10 2007 - 2022 percent Monthly
2006=100

News Stream
Serbia May Inflation Rate Remains at 9-Year High
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.
2022-06-13
Serbia April Inflation Rate at Near 9-Year High
The annual inflation rate in Serbia climbed to 9.6 percent in April of 2022 from 9.1 percent in the previous month and beating market expectations of 9.5 percent. It was the highest reading since June of 2013, underpinned by prices of food and non-alcoholic beverages (15.8 percent vs 15.7 percent in March), housing and utilities (6 percent vs 5.5 percent); and transportation (13.4 percent vs 12.5 percent). Moreover, prices advanced further for furnishings and household maintenance (8 percent vs 7.2 percent), recreation and culture (5.5 percent vs 4.5 percent); and clothing and footwear (3.3 percent vs 2.8 percent). On a monthly basis, consumer prices went up by 1.5 percent, accelerating from an 0.8 percent increase in the prior month. .
2022-05-12
Serbia February Inflation Rate at Near 9-Year High
The annual inflation rate in Serbia climbed to 9.1 percent in March of 2022 from 8.8 percent in the previous month, slightly above market expectations of 9 percent. It was the highest reading since June of 2013, as consumer prices accelerated for food and non-alcoholic beverages (15.7 percent vs 15.2 percent in February), housing and utilities (5.5 percent vs 4.2 percent), furnishings and household maintenance (7.2 percent vs 5.9 percent), and recreation and culture (4.5 percent vs 4.4 percent). On the other hand, inflation eased for transportation (12.5 percent vs 13.3 percent), and clothing and footwear (2.8 percent vs 3.1 percent). On a monthly basis, consumer prices edged 0.9 percent higher, easing from the 1.1 percent increase in the prior month.
2022-04-12