Serbia Producer Inflation Cools Further in July

2026-08-05 10:12 By Larissa Caser 1 min. read

Serbia's producer prices increased 6.2% year-on-year in July 2026, easing from a 7% rise in June and marking the second consecutive month of moderation.

The slowdown was driven by softer inflation for energy (12% vs 14.9%) and intermediate goods (4.6% vs 5%), while durable consumer goods returned to positive territory (0.8% vs -5.5%).

In contrast, price growth accelerated for capital goods (5% vs 4.1%), while inflation for non-durable consumer goods was unchanged at 1.6%.

By sector, producer price inflation eased in manufacturing (6.8% vs 7.9%).

However, inflation accelerated in electricity, gas, steam and air conditioning supply (5.8% vs 4.4%) and edged up in mining and quarrying (8.5% vs 8.4%), while remaining steady in water supply, sewerage, waste management and remediation activities (3.9%).

On a monthly basis, producer prices fell 0.2%, following a 0.9% decline in June.



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Serbia Producer Inflation Cools Further in July
Serbia's producer prices increased 6.2% year-on-year in July 2026, easing from a 7% rise in June and marking the second consecutive month of moderation. The slowdown was driven by softer inflation for energy (12% vs 14.9%) and intermediate goods (4.6% vs 5%), while durable consumer goods returned to positive territory (0.8% vs -5.5%). In contrast, price growth accelerated for capital goods (5% vs 4.1%), while inflation for non-durable consumer goods was unchanged at 1.6%. By sector, producer price inflation eased in manufacturing (6.8% vs 7.9%). However, inflation accelerated in electricity, gas, steam and air conditioning supply (5.8% vs 4.4%) and edged up in mining and quarrying (8.5% vs 8.4%), while remaining steady in water supply, sewerage, waste management and remediation activities (3.9%). On a monthly basis, producer prices fell 0.2%, following a 0.9% decline in June.
2026-08-05
Serbia Producer Inflation Eases in June
Serbia's producer prices rose 7.0% year-on-year in June 2026, easing from a 2023-high of 8.4% in May. The slowdown was driven mainly by mining, where prices eased sharply to 8.4% from 19.5%, reflecting slower price growth in crude oil and natural gas extraction (20.4% vs. 64.6%). Manufacturing inflation moderated to 7.9% from 9.4%, with softer price growth across several industries, including food products, which declined 0.2% following a 0.2% rise, beverages (4.0% vs. 4.2%), and rubber and plastic products (2.5% vs. 2.6%). Meanwhile, producer price inflation stood at 4.4% for water supply, sewerage, waste management and remediation activities, and 3.9% for electricity, gas, steam and air-conditioning supply. On a monthly basis, producer prices fell 0.9% in June, reversing a 0.1% increase in the previous month.
2026-07-06
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 May, easing from a 2.1% increase in the preceding period.
2026-06-05