Serbian town in the winter

Inflation in Serbia

Serbia Inflation

Inflation declines to lowest level since August 2022 in June

Inflation came in at 13.7% in June, down from May’s 14.8%. June’s result represented the lowest inflation rate since August 2022. The deceleration was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities.

The trend pointed up slightly, with annual average inflation coming in at 14.7% in June (May: 14.6%). Meanwhile, harmonized inflation fell to 9.9% in June, from the previous month’s 14.5%.

Lastly, consumer prices rose 0.72% from the previous month in June, following May’s 0.88% increase.

Serbia Inflation Chart

This chart displays Inflation Rate (CPI, annual variation in %) for Serbia from 2013 to 2022.

Serbia Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 2.0 1.8 1.6 4.1 12.0
Inflation (CPI, ann. var. %, eop) 2.0 1.8 1.3 7.9 15.1
Inflation (Core, ann. var. %, aop) 1.0 1.3 1.6 2.3 7.1

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