macro

Serbia’s Inflation Accelerates to Highest Level in 13 Months

Serbia’s annual inflation rose to 4.1% in September from 2.2% in August, marking its highest level since August 2025, Trading Economics reported.

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what happened

Trading Economics reported that Serbia’s annual inflation rate accelerated to 4.1% in September 2026, up from 2.2% in the previous month. The reading was the highest since August 2025.

Transportation costs rose 10.1%, compared with 9.3% in August, while furnishings and household equipment increased 2.9% versus 1.4%. Information and communication prices gained 2.2% against 2.1%. Inflation remained unchanged for clothing and footwear at 1.8%, restaurants and hotels at 5.6%, and insurance and financial services at 3.5%.

Deflation in food and non-alcoholic beverages eased to 1.3% from 6.3%. Consumer prices increased 0.2% month-on-month in August, slowing from a four-month high of 0.5% in the preceding period.

why it matters

The renewed acceleration in annual inflation, following the lower August reading, may shape market expectations for Serbia’s future monetary-policy path.

instruments

Serbian dinar (RSD)Serbia inflation

sources

  1. Serbia Inflation Jumps to 13-Month High — Trading Economics, 12 October 2026 at 10:12 UTC

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