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 2023 was 12.37%, a 0.39% increase from 2022.
  • 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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 221.34%
Turkey 53.86%
Iran 44.58%
Kazakhstan 14.73%
Serbia 12.37%
Colombia 11.74%
Romania 10.40%
Bulgaria 9.44%
North Macedonia 9.36%
Algeria 9.32%
Azerbaijan 8.79%
Montenegro 8.58%
Samoa 8.12%
Mauritius 7.05%
Jamaica 6.47%
Peru 6.46%
Tonga 6.35%
Guatemala 6.21%
South Africa 6.07%
Namibia 5.88%
Mexico 5.53%
Botswana 5.07%
Belarus 5.00%
Dominican Republic 4.79%
Paraguay 4.63%
Brazil 4.59%
St. Vincent and the Grenadines 4.56%
Belize 4.39%
St. Lucia 4.07%
Gabon 3.63%
Dominica 3.48%
Maldives 2.93%
Guyana 2.82%
Grenada 2.70%
Malaysia 2.49%
Libya 2.37%
Ecuador 2.22%
Jordan 2.08%
Armenia 1.98%
Thailand 1.23%
Costa Rica 0.53%
China 0.23%
Serbia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 12.37% 0.39%
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%