Serbia Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Serbia's inflation rate was 4.55% in 2025, ranked 50th globally. This represents a 2.6% decrease from 2024. Data from World Bank, covering 1995–2025.
Overview
Serbia's inflation rate stood at 4.55% in 2025, a decline of +0.12pp from 2024. The IMF projects 4.55% by 2025. Serbia ranked 50th globally.
Serbia's inflation rate has experienced significant fluctuations over the past three decades, with the all-time peak of 95.60% occurring in 1996, amidst the tumultuous economic environment of the Yugoslav dissolution. The country's inflation rate declined steadily, reaching a trough of 1.12% in 2016, a notable achievement considering the regional context. Currently, Serbia's inflation rate stands at 4.55%, ranking it 50th globally. This rate is closely matched by its peer countries, such as Lesotho, which also reported an inflation rate of 4.54%. The relatively stable inflation rate in Serbia is a positive development, suggesting a more predictable economic environment. However, a sustained increase in global commodity prices or unforeseen domestic economic shocks could alter this trajectory, potentially pushing Serbia's inflation rate upward.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 3.00% | - | - |
| 2029* IMF | 3.00% | - | - |
| 2028* IMF | 3.02% | - | - |
| 2027* IMF | 3.57% | - | - |
| 2026* IMF | 4.00% | - | - |
| 2025* IMF | 4.55% | - | - |
| 2025 | 4.55% | −0.12pp | #50 |
| 2024 | 4.67% | −7.70pp | #137 |
| 2023 | 12.37% | +0.39pp | #165 |
| 2022 | 11.98% | +7.90pp | #146 |
| 2021 | 4.09% | +2.51pp | #113 |
| 2020 | 1.58% | −0.27pp | #88 |
| 2019 | 1.85% | −0.11pp | #89 |
| 2018 | 1.96% | −1.17pp | #78 |
| 2017 | 3.13% | +2.01pp | #116 |
| 2016 | 1.12% | −0.27pp | #90 |
| 2015 | 1.39% | −0.69pp | #97 |
| 2014 | 2.08% | −5.61pp | #97 |
| 2013 | 7.69% | +0.36pp | #176 |
| 2012 | 7.33% | −3.81pp | #162 |
| 2011 | 11.14% | +4.99pp | #174 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's inflation rate was 4.55% in 2025. Ranked 50th globally. This represents a 2.6% decrease from the previous year.
Serbia's inflation rate peaked at 95.60% in 1996.
The lowest inflation rate in Serbia was 1.12% in 2016.
Serbia ranks 50th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Serbia's inflation rate is projected to reach 4.55% by 2025 based on IMF projection.
The inflation rate of Serbia in 2025 was 4.55%. This ranks 50th in the world.
Cite this page
@misc{historysaid_serbia_inflation-rate,
title = {Serbia Inflation Rate},
url = {https://historysaid.com/serbia/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}