Serbia Inflation Rate 1995-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Serbia inflation rate for 2022 was 11.98%, a 7.9% increase from 2021.
  • Serbia inflation rate for 2021 was 4.09%, a 2.51% increase from 2020.
  • Serbia inflation rate for 2020 was 1.58%, a 0.27% decline from 2019.
  • Serbia inflation rate for 2019 was 1.85%, a 0.11% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Turkey 72.31%
Suriname 52.45%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Bosnia 14.02%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Maldives 2.33%
China 1.97%
Serbia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 11.98% 7.90%
2021 4.09% 2.51%
2020 1.58% -0.27%
2019 1.85% -0.11%
2018 1.96% -1.17%
2017 3.13% 2.01%
2016 1.12% -0.27%
2015 1.39% -0.69%
2014 2.08% -5.61%
2013 7.69% 0.36%
2012 7.33% -3.81%
2011 11.14% 4.99%
2010 6.14% -1.97%
2009 8.12% -4.29%
2008 12.41% 6.02%
2007 6.39% -5.33%
2006 11.72% -4.40%
2005 16.12% 5.09%
2004 11.03% 1.15%
2003 9.88% -9.61%
2002 19.49% -75.51%
2001 95.01% 23.88%
2000 71.12% 28.67%
1999 42.45% 12.29%
1998 30.16% 6.85%
1997 23.31% -72.29%
1996 95.60% 12.94%
1995 82.66% 12.94%