Serbia CPI inflation (year-on-year)
Serbia CPI inflation (year-on-year) is 1.9 percent, in force since 1 Jul 2026. It was 2.7 percent before that. Last checked against the official source on 22 Aug 2026.
Headline consumer price inflation, year-on-year percent, latest published month, from the Republički zavod za statistiku (Statistical Office of the Republic of Serbia) — Consumer price indices by COICOP, published monthly around the 13th.
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| Current value | 1.9 percent (YoY) |
|---|---|
| In force from | 2026-07-01 |
| In force until | 2026-07-31 |
| Official source | Republički zavod za statistiku — Statistical Release 'Consumer price indices by COICOP, July 2026', No. 219, published 12.08.2026 (final data): 'Consumer prices in July 2026 increased by 1.9% in relation to July 2025, while compared with December 2025, consumer prices increased by 2.5%, on average' |
| Last verified | 2026-08-22 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Reference month June 2026, released 13 July 2026, flagged 'final data'. Total CPI index June 2026: 100.2 vs May 2026 (+0.2% MoM), 102.7 vs June 2025 (+2.7% YoY), 102.6 vs December 2025 (+2.6% year-to-date), 103.1 vs the 2025 average. The 2.7% YoY is a sharp step DOWN from 3.5% in May 2026 — that is a base effect, not disinflation in the month: June 2025 had an unusually large +0.9% monthly print. Watch this trap when reading the series direction. YoY path 2026: Jan 2.4, Feb 2.5, Mar 2.8, Apr 3.3, May 3.5, Jun 2.7. YoY path 2025: Jan 4.6, Feb 4.5, Mar 4.4, Apr 4.0, May 3.8, Jun 4.6, Jul 4.9, Aug 4.7, Sep 2.9, Oct 2.8, Nov 2.8, Dec 2.7 (the Sep 2025 drop reflects a -1.6% monthly fall). June 2026 is comfortably inside the NBS target band of 3.0% ±1.5pp. Biggest June 2026 monthly movers: Recreation, sport and culture +5.0%, Personal care and miscellaneous +0.8%, Furnishings/household equipment +0.7%; Food and non-alcoholic beverages was the main drag at -0.6% MoM and -3.7% YoY (index 96.3), reflecting Serbia's capped-margin food measures. Weights: food and non-alcoholic beverages 31.64% of the basket. RZS also publishes a Harmonised Index of Consumer Prices (HICP, EU methodology) in the same release — that is a DIFFERENT series and is not what is served here. ACCESS NOTE: the stat.gov.rs release page (/en-us/vesti/statisticalrelease/?p=17966&a=03&s=0301) renders the text in an IFRAME pointing at publikacije.stat.gov.rs; a plain fetch of the stat.gov.rs page returns only navigation chrome. Cite and scrape the publikacije.stat.gov.rs URL directly. Release numbers are sequential across all RZS subject areas, so the next month's URL is not derivable — go via /en-us/oblasti/cene/potrosacke-cene/. Next publication: 12 August 2026 (July 2026 CPI). UPDATE (roll applied 2026-08-21): July 2026 YoY of 1.9% is another base-effect step down from June's 2.7%: July 2025 printed +0.6% MoM while July 2026 printed -0.2% MoM — the first monthly price FALL since September 2025 — driven by Food and non-alcoholic beverages -2.0% MoM (YoY index 93.9 under the capped-margin food measures); biggest monthly riser was Recreation, sport and culture +6.2%. At 1.9% YoY the series is below the NBS 3.0% midpoint but still inside the target band (lower edge 1.5%). Total index July 2026: 99.8 vs June 2026, 101.9 vs July 2025, 102.5 vs December 2025, 103.0 vs the 2025 average. Next publication: 11 September 2026 (August 2026 CPI), stated on the release. YoY path 2026: Jan 2.4, Feb 2.5, Mar 2.8, Apr 3.3, May 3.5, Jun 2.7, Jul 1.9.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-06-01 | 2.7 | Republički zavod za statistiku — Statistical Release… |
| 2026-05-01 | 3.5 | RZS — Consumer price indices by COICOP: May 2026 annual… |
| 2026-04-01 | 3.3 | RZS — Consumer price indices by COICOP: April 2026 annual… |
| 2026-03-01 | 2.8 | RZS — Consumer price indices by COICOP: March 2026 annual… |
| 2026-02-01 | 2.5 | RZS — Consumer price indices by COICOP: February 2026… |
| 2026-01-01 | 2.4 | RZS — Consumer price indices by COICOP: January 2026 annual… |
Get it programmatically
curl https://euroref.dev/v1/rs/cpi
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/rs/cpi/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/rs/cpiOther Serbia series: NBS key policy rate (referentna kamatna stopa) · Statutory default interest (zatezna kamata) · PDV standard rate (opšta stopa poreza na dodatu vrednost) · VAT registration threshold · minimum wage · Public holidays (državni i verski praznici) · Porez na dobit pravnih lica (corporate income tax) standard rate · Withholding tax rates · Personal income tax on salary (porez na zarade) · Statutory social-insurance contributions
The same figure elsewhere: Slovakia · Slovenia · Spain · Sweden · Switzerland · all 34