Inflation Serbia 2019
Average inflation: 1.8%
Current Inflation
Inflation is low at 1.8%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in April at 3.0%. The lowest inflation was in October at 1.0%.
- Highest month
- April: 3.0%
- Lowest month
- October: 1.0%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.6%. The lowest price increase was in Energy with an average of 1.6%.
- Highest increase
- Food: 2.6%
- Lowest increase
- Energy: 1.6%
Historical Context
Current inflation is around the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 4.4%
- All-time high (2008)
- 12.5%
- All-time low (2016)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 2018, inflation has fallen by +0.2 percentage point.
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- April: +2.0 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 2.0% | +0.1 |
| February | 2.4% | +0.9 |
| March | 2.8% | +1.4 |
| April | 3.0% | +2.0 |
| May | 2.2% | 0.0 |
| June | 1.5% | -0.8 |
| July | 1.6% | -0.8 |
| August | 1.3% | -1.3 |
| September | 1.1% | -1.0 |
| October | 1.0% | -1.2 |
| November | 1.4% | -0.5 |
| December | 1.8% | -0.2 |
| Average | 1.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.