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Inflation in Serbia for 5 years: 2021 – 2026

Since 20201 Year5 Years10 Years15 Years20 YearsAll
Start
End
Data source:HICP Eurostat
Latest month of data:May 2026
Cumulative Inflation for 5 Years
+42.2%
Average Inflation Rate
7.3%
Price Multiplier
1.42x
Loss of Buying Power
-29.7%
inflationcompare.com

Report for: June 2021 — May 2026

The period is characterized by increased inflationary pressure and economic overheating. Average annual price growth of 7.3% significantly exceeds the norms of monetary stability. Such dynamics aggressively destroy savings: during the specified period, prices rose by 1.42 times, and the purchasing power of RSD collapsed to 70%.

Inflation Rate by Year

Inflation Adjusted Prices

Equivalent Value
What cost 100 RSD in 2021, would cost 142 RSD today. To maintain the same standard of living, income over 5 years should have grown by 1.42 times.
2021100 RSD
+42.2%
2026142 RSD

Value Adjusted for Inflation

Loss of Buying Power

Real Value
Since 2021, the purchasing power of 100 RSD has decreased to 70 RSD. The chart shows how RSD lost a total of 29.7% of its value over 5 years.
2021100 RSD
-29.7%
202670 RSD
-30%
Total Loss

Purchasing Power Over Time

Cumulative Inflation (%)

Historical Inflation Table

YearInflation (%)
20262.54%
20253.02%
20244.51%
20237.51%
202214.61%
20217.87%

Related Countries

Russia
Russia
Montenegro
Montenegro
Hungary
Hungary

Calculation Methodology

Calculations are based on HICP Eurostat. It is a consumer price index that measures the average change in prices for goods and services purchased by the population.

Price Multiplier

Price Multiplier shows how many times prices have increased. In macroeconomics, this baseline metric is known as the Price Index Ratio. It is derived directly from official CPI data and serves as the mathematical foundation for all other calculations on this page.

Formula:
Price Multiplier(K)=CPI2026CPI2021\text{Price Multiplier} (K) = \frac{\text{CPI}_{2026}}{\text{CPI}_{2021}}
Calculation:
103.33072.650=1.4223\frac{103.330}{72.650} = 1.4223
Cumulative Inflation

To calculate the cumulative inflation since 2021, we use the following formula:

Formula:
(K−1)×100=Cumulative(%)(K - 1) \times 100 = \text{Cumulative} (\%)
Calculation:
(1.4223−1)×100=42.2%(1.4223 - 1) \times 100 = 42.2\%
Average Inflation Rate

Shows the average annual price growth rate including compound interest (where each year's inflation is added to already increased prices). To calculate the average annual inflation for 5 years since 2021, we use the following formula:

Formula:
K1n−1=Average Inflation RateK^{\frac{1}{n}} - 1 = \text{Average Inflation Rate}
n — number of years (5)
Calculation:
(1.42231/5−1)×100=7.3%(1.4223^{1/5} - 1) \times 100 = 7.3\%
Loss of Buying Power

To find out what share of its real value savings in RSD have lost since 2021, we calculate the percentage drop in purchasing power. Loss of buying power is calculated as an inverse proportion to price growth:

Formula:
(1−1K)×100=Loss of Buying Power(%)\left( 1 - \frac{1}{K} \right) \times 100 = \text{Loss of Buying Power} (\%)
Calculation:
(1−11.4223)×100=29.7%\left( 1 - \frac{1}{1.4223} \right) \times 100 = 29.7\%
Equivalent Value

To calculate the equivalent value in terms of purchasing power in 2026, we multiply the initial value from 2021 by the price growth factor:

Formula:
Original Amount×K=Equivalent\text{Original Amount} \times K = \text{Equivalent}
Calculation:
100×1.4223=142 RSD100 \times 1.4223 = 142 \text{ RSD}

Citation & Data Usage

You can use the data in your articles. Link to the source:

"Inflation in Serbia (2021–2026)", InflationCompare, . Accessed 18 July 2026. Data source: HICP Eurostat.
Inflation in Serbia for 5 years (2021–2026) | Yearly Chart