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 |