Inflation in Serbia

As of February 2026, the year-over-year inflation rate in Serbia is 5.08%, according to the official Consumer Price Index (CPI) published by the Statistical Office of the Republic of Serbia.

The latest available year-over-year inflation rate for 2026 is 5.08% (February 2026). The final annual rate will be confirmed after December data is published.

Serbia has experienced varying inflation rates since 2008, including a peak above 12% in 2012. The long-term trend shows periods of both high and moderate inflation, reflecting economic reforms and monetary policy changes.

Due to cumulative inflation since 2015, 10,000 RSD from that year is worth significantly less today. You can calculate the exact value using our inflation calculator at /en/inflation-calculator.

Inflation is the rate at which the general level of prices for goods and services rises over time, reducing the purchasing power of money. It is typically measured as an annual percentage change in the Consumer Price Index (CPI).

Inflation in Serbia is calculated by the Statistical Office of the Republic of Serbia (RZS) using the Consumer Price Index (CPI) methodology. The RZS tracks prices of a basket of goods and services and publishes monthly CPI data.

The Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services over time. In Serbia, the CPI is published monthly by the Statistical Office and is the primary measure of inflation.

When prices rise due to inflation, each unit of currency buys fewer goods and services than before. This erosion of value means savings lose real worth over time. You can explore how Serbian Dinar purchasing power has changed at /en/purchasing-power.