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Inflation rates in Serbia

The inflation rate for consumer prices in Serbia moved over the past 27 years between 1.1% and 95.6%. For 2022, an inflation rate of 12.0% was calculated.

During the observation period from 1995 to 2022, the average inflation rate was 22.1% per year. Overall, the price increase was 11,961.54%. An item that cost 100 dinars in 1995 costs 12,061.54 dinars at the beginning of 2023.


Inflation rates in global comparison


Back to overview: Serbia

Performance over the last 27 years compared with the USA

In only a few countries the price increase is that high. The Consumer Price Index (CPI) of 95.6% in 1996 means, that compared to the previous year all prices increased by an average of 95.6%. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1994:Performance in Serbia

      Serbia       USA


Inflation calculator for Serbia

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 dinars in 1995 corresponds to 120,615.38 dinars at the beginning of 2023 due to inflation.

Original amount in dinars:


Start year:


End year:






Inflation rates for consumer goods in Serbia

Inflation rates for consumer goods in Serbia

      Serbia       USA

Historical inflation rates in comparison

YearSerbiaØ EUØ USAØ World
202211.98 %9.22 %8.00 %8.31 %
20214.09 %2.55 %4.70 %3.48 %
20201.58 %0.48 %1.23 %1.92 %
20191.85 %1.63 %1.81 %2.19 %
20181.96 %1.74 %2.44 %2.44 %
20173.13 %1.43 %2.13 %2.19 %
20161.12 %0.18 %1.26 %1.55 %
20151.39 %-0.06 %0.12 %1.43 %
20142.08 %0.20 %1.62 %2.35 %
20137.69 %1.22 %1.46 %2.62 %
20127.33 %2.66 %2.07 %3.73 %
201111.14 %3.29 %3.16 %4.82 %
20106.14 %1.53 %1.64 %3.35 %
20098.12 %0.84 %-0.36 %2.94 %
200812.41 %4.16 %3.84 %8.95 %
20076.39 %2.51 %2.85 %4.82 %
200611.72 %2.67 %3.23 %4.28 %
200516.12 %2.49 %3.39 %4.11 %
200411.03 %2.29 %2.68 %3.38 %
20039.88 %2.09 %2.27 %3.03 %
200219.49 %2.42 %1.59 %2.83 %
200195.01 %3.37 %2.83 %3.84 %
200071.12 %3.15 %3.38 %3.49 %
199942.45 %2.16 %2.19 %3.08 %
199830.16 %2.42 %1.55 %5.11 %
199723.31 %3.11 %2.34 %5.57 %
199695.60 %3.56 %2.93 %6.55 %
199582.66 %4.43 %2.81 %9.15 %

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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