Serbia's inflation, consumer prices (annual % growth) was 3.89% in 2025, the latest year in the World Bank's World Development Indicators. That is up 2.5 percentage points from 1.39% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.89% | 2025 |
| Five years earlier | 1.58% | 2020 |
| Ten years earlier | 1.39% | 2015 |
| Highest | 95.6% | 1996 |
| Lowest | 1.12% | 2016 |
| Average since 2016 | 4.66% | 2016–2025 |
| First recorded | 82.66% | 1995 |
What the numbers say
In 2025, Serbia's inflation, consumer prices (annual % growth) fell 0.78 percentage points on 2024 (from 4.67% to 3.89%).
Across the 29 yearly changes before that (1996 to 2024), the average change was −2.69 percentage points and a typical year strayed about 21.47 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 28.67 percentage points in 2000 and the biggest yearly fall was 75.51 percentage points in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 29% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Serbia had the 57th highest value of the 169 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Serbia | 3.89% | 2025 |
| World | 3.04% | 2025 |
| Europe & Central Asia | 3.75% | 2025 |
| Upper middle income | 3.26% | 2025 |
Closest to Serbia in the 2025 ranking
- Slovak Republic — 53rd of 169: 4%
- Bosnia and Herzegovina — 54th of 169: 3.98%
- Montenegro — 55th of 169: 3.9%
- United Kingdom — 57th of 169: 3.88%
- Dominican Republic — 58th of 169: 3.87%
- Georgia — 59th of 169: 3.87%
What this measures
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.
Regional and income-group figures are computed by the World Bank as a median.
All 31 values
| Year | Inflation, consumer prices (annual % growth) |
|---|---|
| 2025 | 3.89 |
| 2024 | 4.67 |
| 2023 | 12.37 |
| 2022 | 11.98 |
| 2021 | 4.09 |
| 2020 | 1.58 |
| 2019 | 1.85 |
| 2018 | 1.96 |
| 2017 | 3.13 |
| 2016 | 1.12 |
| 2015 |
Inflation, consumer prices (annual % growth) in nearby economies
- Albania — 2.15% (2025)
- Armenia — 3.31% (2025)
- Austria — 3.53% (2025)
- Azerbaijan — 5.62% (2025)
- Belarus — 6.6% (2025)
- Belgium — 2.47% (2025)
- Bosnia and Herzegovina — 3.98% (2025)
- Bulgaria — 4.58% (2025)
- Croatia — 3.69% (2025)
- Cyprus — 0.13% (2025)
More financial sector data for Serbia
- DEC alternative conversion factor (LCU per US$) — US$103.98 (2025)
- Consumer price index (2010 = 100) — 208.32 (2025)
- GDP deflator (base year varies by country) — 139.85 (2025)
- GDP deflator, linked series (base year varies by country) — 139.85 (2025)
- Inflation, GDP deflator (annual % growth) — 4.49% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.49% (2025)
- Domestic credit to private sector by banks (% of GDP) — 35.35% (2025)
- Net domestic credit (current LCU) — 4.25 trillion (2025)
- Net foreign assets (current LCU) — 3.01 trillion (2025)
Reading data like this
Questions people ask
- What is Serbia's inflation, consumer prices (annual % growth)?
- 3.89% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 78.77 percentage points from 82.66% in 1995. The highest value was 95.6% in 1996 and the lowest 1.12% in 2016.
- How does Serbia rank?
- 57th highest of 169 economies with data for 2025.
- Is the latest change in inflation, consumer prices (annual % growth) unusual for Serbia?
- In 2025, Serbia's inflation, consumer prices (annual % growth) fell 0.78 percentage points on 2024 (from 4.67% to 3.89%). Across the 29 yearly changes before that (1996 to 2024), the average change was −2.69 percentage points and a typical year strayed about 21.47 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in