Inflation Serbia 2008
Average inflation: 12.5%
Current Inflation
Inflation is very high at 12.5%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 14.9%. The lowest inflation was in December at 8.6%.
- Highest month
- June: 14.9%
- Lowest month
- December: 8.6%
- Difference
- 6.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 23.3%. The lowest price increase was in Energy with an average of 7.2%.
- Highest increase
- Food: 23.3%
- Lowest increase
- Energy: 7.2%
Historical Context
Current inflation is around the 5-year average of 12.5%. This approaches the highest level since records began (12.5% in 2008).
- 5-year average
- 12.5%
- 10-year average
- 12.5%
- All-time high (2008)
- 12.5%
- All-time low (2008)
- 12.5%
Trend
ECB Target
Inflation is 10.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €112.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation |
|---|---|
| January | 11.5% |
| February | 12.5% |
| March | 13.6% |
| April | 14.5% |
| May | 14.5% |
| June | 14.9% |
| July | 13.8% |
| August | 11.5% |
| September | 10.9% |
| October | 12.4% |
| November | 10.9% |
| December | 8.6% |
| Average | 12.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.