Inflation Serbia 2017
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 4.0%. The lowest inflation was in January at 2.4%.
- Highest month
- April: 4.0%
- Lowest month
- January: 2.4%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.3%. The lowest price increase was in Energy with an average of 2.2%.
- Highest increase
- Food: 3.3%
- Lowest increase
- Energy: 2.2%
Historical Context
Current inflation is around the 5-year average of 3.1%.
- 5-year average
- 3.1%
- 10-year average
- 6.1%
- All-time high (2008)
- 12.5%
- All-time low (2016)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +2.0 percentage point.
- Change vs. previous year
- +2.0 percentage points
- Largest monthly swing
- April: +3.6 percentage points
ECB Target
Inflation is 1.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.4% | +0.1 |
| February | 3.2% | +1.8 |
| March | 3.5% | +2.9 |
| April | 4.0% | +3.6 |
| May | 3.4% | +2.6 |
| June | 3.6% | +3.3 |
| July | 3.2% | +2.0 |
| August | 2.5% | +1.3 |
| September | 3.2% | +2.6 |
| October | 2.7% | +1.2 |
| November | 2.8% | +1.3 |
| December | 3.0% | +1.5 |
| Average | 3.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.