Inflation 2013β2023: 47.30%
2013 β 2023
47.30%
Cumulative inflation
From 2013 to 2023, cumulative inflation in Serbia is 47.30%, meaning an average annual rate of 3.95% over 10 years. The highest inflation was recorded in 2022 (11.59%), and the lowest in 2015 (1.14%). A total of 3 out of 10 years had inflation above average.
Annual Inflation by Year
Year-by-Year Breakdown
| Year | Annual % | Cumulative % |
|---|---|---|
| 2014 | 1.57% | 1.57% |
| 2015 | 1.14% | 2.73% |
| 2016 | 1.79% | 4.57% |
| 2017 | 1.89% | 6.55% |
| 2018 | 2.05% | 8.74% |
| 2019 | 2.07% | 10.99% |
| 2020 | 1.60% | 12.76% |
| 2021 | 4.96% | 18.36% |
| 2022 | 11.59% | 32.08% |
| 2023 | 11.52% | 47.30% |
Frequently Asked Questions
What is the inflation from 2013 to 2023?
The cumulative inflation in Serbia from 2013 to 2023 is 47.30%. This means that overall prices have risen by 47.30% over this 10-year period, as measured by the Consumer Price Index (CPI).
What is the average annual price increase?
The average annualized inflation rate from 2013 to 2023 is 3.95% per year. This compound annual rate accounts for the effects of compounding over the entire 10-year period.
Which year had the highest inflation?
The year with the highest inflation in this period was 2022, with an annual rate of 11.59%. This was significantly above the period average of 3.95% per year.
How much is 10,000 RSD from 2013 worth today?
Due to cumulative inflation of 47.30% from 2013 to 2023, 10,000 RSD from 2013 would be equivalent to 14,730 RSD in 2023 purchasing power. You would need 14,730 RSD in 2023 to buy what 10,000 RSD could buy in 2013.