Here’s an analysis on money value over years (from 2002 onwards) suitable for employees in Serbia. We show official yearly inflation rates for RSD and EUR, as well as exchange rate RSD to EUR. Given a salary of 20000 RSD in 2002, we calculate how that salary should have grown in order to keep the purchasing power the same. Interestingly for Serbia, some people are paid indexed in EUR (their salary is set in EUR, and paid in RSD after conversion according to the exchange rate). This conversion shaves off some of the inflatory effects which are visible for RSD (but not all)! Therefore, you can also see how the salary indexed in EUR should have grown to sustain the purchasing power in Serbia, and it is also compared with ideal salary growth for Eurozone. Serbia is actually getting closer to EU in prices over the years!
This is the inflation chart for RSD and EUR:
This is the exchange rate RSD to EUR:
This is how your salary should have grown when looking at your RSD pay slip, to sustain your purchasing power:
This is how your salary should have grown if indexed in EUR and converted to RSD, to sustain your purchasing power, and also compared with expected growth in the Eurozone:
This is the average salary in Serbia from 2002. We also show what the salary should be like to match the purchasing power of 2002, 2008 and 2014.