Inflation Serbia 2025
Average inflation: 4.5%
Current Inflation
Inflation is high at 4.5%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.6%. The lowest inflation was in March at 4.3%.
- Highest month
- January: 4.6%
- Lowest month
- March: 4.3%
- Difference
- 0.3 percentage points
- Months with data
- 3 of 12
Category Insights
The highest price increase was in Core inflation with an average of 5.7%. The lowest price increase was in Energy with an average of 3.6%.
- Highest increase
- Core inflation: 5.7%
- Lowest increase
- Energy: 3.6%
Historical Context
Current inflation is 3.0% lower than the 5-year average of 7.5%.
- 5-year average
- 7.5%
- 10-year average
- 4.7%
- All-time high (2023)
- 12.5%
- All-time low (2016)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +0.2 percentage point.
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- January: -1.9 percentage points
ECB Target
Inflation is 2.5% 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 €104.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 4.6% | -1.9 |
| February | 4.5% | -1.1 |
| March | 4.3% | -0.7 |
| Average | 4.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.