Serbia Inflation Rate

Last Release

Jul 31, 2025

Actual

4.9

Units In

4.6

Frequency

Monthly

Next Release

Sep 12, 2025

Time to Release

29 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
16.2 Mar 2023	0.1 Jan 2015	5.81 %	2007-2025	Statistical Office of the Republic of Serbia

In Serbia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (32.1 percent of total weight). Housing and Utilities accounts for 13.7 percent; Transport for 12.7 percent; Alcoholic beverages and Tobacco for 7.3 percent; Recreation and Culture for 5.6 percent and Communication for 5.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Clothing and Footwear; Restaurants and Hotels and Education account for the remaining 23.5 percent of total weight.

Latest Updates

The annual inflation rate in Serbia rose to 4.9% in July 2025 from 4.6% in June, defying expectations of a slight easing to 4.5%. This is the highest level since April 2024, driven mainly by higher inflation in food and non-alcoholic beverages (8.1% vs. 7.4% in June) and housing and utilities (3.6% vs. 3.4%). Price growth also accelerated for health (5.4% vs. 5%) and recreation and culture (4.1% vs. 3.9%). Conversely, downward pressure came from a continued decline in transport costs, which fell 1.1%, following a 1.2% drop in June. Inflation also eased for clothing and footwear (4.5% vs. 4.9%), furnishings, household equipment, and routine maintenance (4.8% vs. 4.9%), as well as communication (1.3% vs. 2.1%). On a monthly basis, consumer prices increased 0.6%, above market expectations of a 0.36% gain, but easing from a 0.9% rise in June.