Producer inflation in Serbia edged up to 10.6% year-on-year in October 2026 from 10.5% in September, matching its highest level since January 2023 and marking a third consecutive monthly acceleration. Inflation accelerated sharply in mining and quarrying (30.8% vs 24.1%) and manufacturing (13% vs 12%). In contrast, price growth slowed significantly in electricity, gas, steam and air conditioning supply (0.4% vs 3.8%), while easing slightly in water supply, sewerage, waste management and remediation activities (5.5% vs 5.8%). Compared to the previous month, producer prices edged up 0.6%, slowing from a 1.6% increase in the prior month.