FX.co ★ Serbia Inflation Rate Lowest Since 2021

In October 2025, Serbia's annual inflation rate slightly decreased to 2.8%, down from 2.9% the preceding month, marking the lowest inflation rate since April 2021. This decline was primarily driven by a slower rise in prices for several categories: food and non-alcoholic beverages saw an increase of 0.3%, compared to 1.7% in September; transportation increased by 1.7%, down from 2.2%; clothing and footwear rose by 3.2%, compared to 3.9%; furnishings, household equipment, and routine maintenance experienced a rise of 1.3%, down from 2.7%; health costs increased by 4.8% compared to 5.2%; and education costs rose by 0.8%, a significant drop from 4.0%. Conversely, some costs saw acceleration: housing and utilities increased by 7.2% compared to 3.2%; communication costs rose slightly to 1.4% from 1.3%; recreation and culture saw a rise of 3.7% over 3.4%; restaurant and hotel prices increased to 6.8% from 6.6%; and miscellaneous goods and services rose to 4.5% from 4.2%. On a monthly scale, consumer prices increased by 0.5%, reaching a three-month high, following a significant decline of 1.6% in September.