Inflation Serbia 2016
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.3%. The lowest inflation was in June at 0.3%.
- Highest month
- January: 2.3%
- Lowest month
- June: 0.3%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.3%. The lowest price increase was in Food with an average of -0.3%.
- Highest increase
- Energy: 2.3%
- Lowest increase
- Food: -0.3%
Historical Context
Current inflation is 2.9% lower than the 5-year average of 4.0%. This approaches the lowest level since records began (1.1% in 2016).
- 5-year average
- 4%
- 10-year average
- 6.4%
- All-time high (2008)
- 12.5%
- All-time low (2016)
- 1.1%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (-0.3 percentage point).
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- January: +2.2 percentage points
ECB Target
Inflation is 0.9% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 2.3% | +2.2 |
| February | 1.4% | +0.6 |
| March | 0.6% | -1.2 |
| April | 0.4% | -1.4 |
| May | 0.8% | -0.7 |
| June | 0.3% | -1.6 |
| July | 1.2% | +0.1 |
| August | 1.2% | -0.9 |
| September | 0.6% | -0.8 |
| October | 1.5% | +0.1 |
| November | 1.5% | +0.2 |
| December | 1.5% | -0.1 |
| Average | 1.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.