Inflation, consumer prices (annual %) (International Financial) in Serbia
Serbia: Inflation, consumer prices (annual %) (International Financial) was 3.9% in 2025. ◆ Volatile
Inflation, consumer prices in Serbia, 1995–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Serbia recorded 3.9% for inflation, consumer prices in 2025.
The figure is down 16.7% on the previous year and up 179.4% over ten years.
Over the whole period, inflation, consumer prices in Serbia peaked at 95.6% in 1996 and was at its lowest, 1.1%, in 2016.
That places Serbia 67th out of 192 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices (annual %) (International Financial) in Serbia, year by year
| Year | annual % | Change |
|---|---|---|
| 1995 | 82.7% | — |
| 1996 | 95.6% | +15.7% |
| 1997 | 23.3% | -75.6% |
| 1998 | 30.2% | +29.4% |
| 1999 | 42.5% | +40.8% |
| 2000 | 71.1% | +67.5% |
| 2001 | 95.0% | +33.6% |
| 2002 | 19.5% | -79.5% |
| 2003 | 9.9% | -49.3% |
| 2004 | 11.0% | +11.6% |
| 2005 | 16.1% | +46.2% |
| 2006 | 11.7% | -27.3% |
| 2007 | 6.4% | -45.5% |
| 2008 | 12.4% | +94.2% |
| 2009 | 8.1% | -34.6% |
| 2010 | 6.1% | -24.3% |
| 2011 | 11.1% | +81.3% |
| 2012 | 7.3% | -34.2% |
| 2013 | 7.7% | +5.0% |
| 2014 | 2.1% | -72.9% |
| 2015 | 1.4% | -33.1% |
| 2016 | 1.1% | -19.4% |
| 2017 | 3.1% | +179.0% |
| 2018 | 2.0% | -37.4% |
| 2019 | 1.8% | -5.6% |
| 2020 | 1.6% | -14.8% |
| 2021 | 4.1% | +159.3% |
| 2022 | 12.0% | +193.3% |
| 2023 | 12.4% | +3.3% |
| 2024 | 4.7% | -62.2% |
| 2025 | 3.9% | -16.7% |
Serbia compared with similar countries
- Serbia's 3.9% is above the median for upper middle income countries, which is 3.3%, 1.2× the median. (55 countries reporting)
- Serbia's 3.9% is above the median for Europe & Central Asia, which is 3.8%, 1.0× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.8% | 23.3% | 95.6% | 5 |
| 2000s | 26.1% | 6.4% | 95.0% | 10 |
| 2010s | 4.4% | 1.1% | 11.1% | 10 |
| 2020s | 6.4% | 1.6% | 12.4% | 6 |
Countries ranked near Serbia
- 64 Jamaica 4.0% compare
- 65 Slovakia 4.0% compare
- 66 Montenegro 3.9% compare
- 68 United Kingdom 3.9% compare
- 69 Dominican Republic 3.9% compare
- 70 Georgia 3.9% compare
More economy & growth data for Serbia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.7 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 2.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5822 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.6 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0213 units per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in Serbia?
- Inflation, consumer prices in Serbia was 3.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Serbia?
- The highest recorded value was 95.6% in 1996.
- What is the lowest inflation, consumer prices recorded in Serbia?
- The lowest recorded value was 1.1% in 2016.
- How does Serbia rank for inflation, consumer prices?
- Serbia ranks 67th out of 192 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Serbia?
- Over the last ten years it is up 179.4%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
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.