Serbia Inflation Rate Rises to 9-Month High

2026-06-12 10:14 By Mariene Camarillo 1 min. read

The annual inflation rate in Serbia rose by 3.5% in May 2026 from 3.3% in the previous month.

The latest figure marked the largest growth since August 2025, lifted by higher costs in housing utilities (9.5% vs 9.2% in April), health (7.6% vs 7.5%), transportation (8.4% vs 6.3%), information and communication (1.6% vs 1.3%), and miscellaneous goods and services (2% vs 1.6%).

At the same time, costs recovered in furnishings and household equipment (0.2% vs -0.3%), while price growth remained steady in recreation and culture (8.7%), education (1.9%), and clothing and footwear (1.5%).

Meanwhile, prices moderated in insurance and financial services (5.5% vs 6.4%), restaurants and hotels (6.4% vs 6.6%), and alcoholic beverages and tobacco (4.9% vs 6.1%), while costs declined further in food and non-alcoholic beverages (-1.5% vs -1.1%).

On a monthly basis, consumer prices grew by 0.3% in May, easing from a 0.8% gain in the preceding period.



News Stream
Serbia Inflation Rate Rises to 9-Month High
The annual inflation rate in Serbia rose by 3.5% in May 2026 from 3.3% in the previous month. The latest figure marked the largest growth since August 2025, lifted by higher costs in housing utilities (9.5% vs 9.2% in April), health (7.6% vs 7.5%), transportation (8.4% vs 6.3%), information and communication (1.6% vs 1.3%), and miscellaneous goods and services (2% vs 1.6%). At the same time, costs recovered in furnishings and household equipment (0.2% vs -0.3%), while price growth remained steady in recreation and culture (8.7%), education (1.9%), and clothing and footwear (1.5%). Meanwhile, prices moderated in insurance and financial services (5.5% vs 6.4%), restaurants and hotels (6.4% vs 6.6%), and alcoholic beverages and tobacco (4.9% vs 6.1%), while costs declined further in food and non-alcoholic beverages (-1.5% vs -1.1%). On a monthly basis, consumer prices grew by 0.3% in May, easing from a 0.8% gain in the preceding period.
2026-06-12
Serbia Inflation Rate Hits 8-Month High
The annual inflation rate in Serbia rose by 3.3% in April 2026 from 2.8% in the previous month, surpassing market expectations of 3.1%. This marked the largest growth in eight months as deflation eased slightly in food and non-alcoholic beverages (-1.1% vs -1.2% in March). Additionally, costs increased for alcoholic beverages and tobacco (6.1% vs 5.9%), clothing and footwear (1.5% vs 1.4%), housing and utilities (9.2% vs 8.9%), health (7.5% vs 7.3%), transportation (6.3% vs 2.7%), recreation and culture (8.7% vs 8.6%), and restaurants and hotels (6.6% vs 6.3%). Meanwhile, price growth slowed for education (1.9% vs 2%), insurance and financial services (6.4% vs 7.4%), and miscellaneous goods and services (1.6% vs 2.5%). On a monthly basis, consumer prices increased by 0.8% in April, following a 0.5% gain in the previous two months.
2026-05-12
Serbia Inflation Rate at 4-Month High
The annual inflation rate in Serbia rose 2.8% in March 2026 from 2.5% in the previous month, slightly below market expectations of 2.9%. This marked the largest growth in four months as deflation in food and non-alcoholic beverages eased (-1.2% vs -2.3% in February). At the same time, costs increased for alcoholic beverages and tobacco (5.9% vs 4.3%), health (7.3% vs 6.3%), information and communication (1.3% vs 1.1%), and recreation and culture (8.6% vs 8.5%). Prices also recovered for transportation (2.7% vs -0.2%) and declined less for furnishings and household equipment (-0.1% vs -0.3%). Meanwhile, price growth eased for insurance and financial services (7.4% vs 7.6%), education (2% vs 2.2%), clothing and footwear (1.4% vs 1.5%), and housing utilities (8.9% vs 9.1%). On a monthly basis, consumer prices stood at 0.5% in March, unchanged from the preceding period.
2026-04-14