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.