Serbia’s consumer price inflation accelerated modestly in March 2026, with the year-on-year Consumer Price Index (CPI) rising to 2.80%, up from 2.50% in February 2026. The latest data, updated on 14 April 2026, indicate that price pressures have strengthened slightly but remain within a relatively moderate range.
The CPI figures are calculated on a year-over-year basis, comparing each month’s price levels to the same month a year earlier. Thus, the “actual” reading for March reflects how prices in March 2026 compare to March 2025, while the “previous” figure for February shows the change between February 2026 and February 2025. The uptick from 2.50% to 2.80% suggests a mild increase in inflation momentum as the first quarter of 2026 draws to a close.
While details on the specific drivers of the increase were not provided, the move will be closely watched by market participants and policymakers tracking the trajectory of inflation and its implications for monetary conditions in Serbia.
