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Serbia Inflation: Historical Data

Check Serbia's historical inflation and calculate how the value of money has changed over time. Data from 1996 to 2023.

Annual Inflation Visualization (Serbia)

Source: World Bank (1996-2023)

17.54% Historical average
85.58% Maximum recorded
1.54% Minimum recorded
28 Years of data

Historical Inflation Calculator for Serbia

Calculate how the value of money has changed between two specific years in Serbia.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Serbia

Year Inflation (%) Change
2023 13.84% +3.32pp
2022 10.52% +4.83pp
2021 5.68% +3.03pp
2020 2.65% +0.30pp
2019 2.35% +0.35pp
2018 2.00% -1.00pp
2017 3.00% +1.45pp
2016 1.54% -0.63pp
2015 2.17% -0.74pp
2014 2.91% -4.89pp
2013 7.80% +1.76pp
2012 6.04% -4.96pp
2011 11.00% +6.05pp
2010 4.95% -3.49pp
2009 8.44% -1.06pp
2008 9.50% +0.67pp
2007 8.83% -5.01pp
2006 13.84% -0.05pp
2005 13.89% +5.76pp
2004 8.13% -4.40pp
2003 12.53% -6.57pp
2002 19.10% -65.05pp
2001 84.15% +4.93pp
2000 79.22% +50.35pp
1999 28.87% +4.29pp
1998 24.58% +6.68pp
1997 17.90% -67.68pp
1996 85.58% -

About Serbia inflation

Serbia inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Serbia inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Serbia inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Serbia?
According to the latest available World Bank data, Serbia inflation in 2023 was 13.84%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Serbia?
To calculate cumulative inflation in Serbia, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Serbia?
You can check Serbia's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1996 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Serbia.
What is the historical average inflation in Serbia?
The historical average inflation in Serbia can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1996-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Serbia inflation data is based on the official CPI.