Serbia — Inflation
Inflation, Consumer Prices (Annual %) for Serbia, 1995–2025.
Inflation for Serbia was 3.89% in 2025, according to the latest World Bank data. The series covers 31 years, from 1995 to 2025. The highest recorded value was 95.60% in 1996. The lowest was 1.12% in 2016 (about 3.5× the low point). Across that span the compound annual growth rate works out to -9.69% per year.
Serbia ranks 65 of 187 economies on this measure (1 = highest), putting it in the top 35%. The median for Europe & Central Asia is 3.75%, so Serbia sits above it. It peaked in 1996 and has fallen 96% since. Over the last decade (2015–2025) the figure moved up 179%. Within Europe & Central Asia it ranks 19 of 49 economies; United Kingdom (3.88%) is just below it. Its sharpest one-year move was up 193% in 2022. That is 11% below this series' own ten-year average.
Data highlights
World ranking. Slipped: 14th of 155 in 1995 → 5th of 163 in 2000 → 49th of 186 in 2010 → 100th of 178 in 2020 → 56th of 169 in 2025.
Key figures
Full history — 1995 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.89% | -0.8 pp |
| 2024 | 4.67% | -7.7 pp |
| 2023 | 12.37% | +0.4 pp |
| 2022 | 11.98% | +7.9 pp |
| 2021 | 4.09% | +2.5 pp |
| 2020 | 1.58% | -0.3 pp |
| 2019 | 1.85% | -0.1 pp |
| 2018 | 1.96% | -1.2 pp |
| 2017 | 3.13% | +2.0 pp |
| 2016 | 1.12% | -0.3 pp |
| 2015 | 1.39% | -0.7 pp |
| 2014 | 2.08% | -5.6 pp |
| 2013 | 7.69% | +0.4 pp |
| 2012 | 7.33% | -3.8 pp |
| 2011 | 11.14% | +5.0 pp |
| 2010 | 6.14% | -2.0 pp |
| 2009 | 8.12% | -4.3 pp |
| 2008 | 12.41% | +6.0 pp |
| 2007 | 6.39% | -5.3 pp |
| 2006 | 11.72% | -4.4 pp |
| 2005 | 16.12% | +5.1 pp |
| 2004 | 11.03% | +1.2 pp |
| 2003 | 9.88% | -9.6 pp |
| 2002 | 19.49% | -75.5 pp |
| 2001 | 95.01% | +23.9 pp |
| 2000 | 71.12% | +28.7 pp |
| 1999 | 42.45% | +12.3 pp |
| 1998 | 30.16% | +6.9 pp |
| 1997 | 23.31% | -72.3 pp |
| 1996 | 95.6% | +12.9 pp |
| 1995 | 82.66% | — |
Frequently asked questions
What was Serbia’s Inflation in 1996?
95.6% (1996). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Serbia’s Inflation growing or shrinking?
Between 1995 and 2025 the series was shrinking overall: -95.3% in total — about 9.7% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.89%; 2024: 4.67%; 2023: 12.37%; 2022: 11.98%; 2021: 4.09%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.