Serbia Producer Prices Rise in May

Serbia’s producer prices jumped 8.4% year-on-year in May 2026, following a 7.8% rise in the previous month, remaining at its highest level since February 2023. Costs increased in manufacturing (9.4% vs 8.5% in April), particularly in the manufacture of food (0.2% vs 0.1%), beverages (4.2% vs 3.8%), coke and oil derivatives (59.1% vs 56.2%), chemical and chemical products (17% vs 16.1%), and base metals (11.3% vs 7.1%). At the same time, price growth remained steady for both electricity, gas, steam, and air-conditioning supply (at 3.9%) and water supply, sewerage, waste management, and remediation activities (at 4.4%). On a monthly basis, producer prices rose by 0.1% in April, easing from a 2.1% increase in the preceding period.

Serbia’s producer prices advanced 7.8% year-on-year in April 2026, following a 5.3% rise in the previous month. This marked the highest reading since February 2023, lifted by higher costs in manufacturing (8.5% vs 5.6% in March), particularly in the manufacture of tobacco products (10.5% vs 6.7%), garments (1.9% vs 1.8%), coke and oil derivatives (56.2% vs 30.3%), chemicals and chemical products (16.1% vs 5.4%), and base metals (7.1% vs 6.9%). At the same time, prices jumped in mining and quarrying (21.1% vs 11%), while costs remained stable for electricity, gas, steam, and air-conditioning supply at 3.9%. Meanwhile, inflation moderated for water supply, sewerage, waste management, and remediation activities (4.4% vs 4.7%). On a monthly basis, producer prices rose by 2.1% in April, easing from a 4.9% growth in the preceding period.

Serbia’s producer prices rose by 5.3% year-on-year in March 2026, following a 0.2% growth in the previous month. This marked the highest reading since March 2023, as prices rebounded sharply in mining and quarrying (11% vs. -4.7% in February) and manufacturing (5.6% vs. -0.8%), particularly in the manufacture of coke and refined petroleum products (30.3% vs. -17.6%), chemicals and chemical products (5.4% vs. -0.9%), and beverages (4.5% vs. 2.7%). At the same time, prices remained stable for electricity, gas, steam, and air-conditioning supply at 3.9%. Meanwhile, inflation slowed in water supply, sewerage, waste management, and remediation activities (4.7% vs. 6%). On a monthly basis, producer prices increased by 4.9% in March, up from a 0.2% rise in the previous period.