Serbia’s producer prices rose by 8.4% year-on-year in May 2026, up from a 7.8% increase in April and remaining at their highest level since February 2023. Cost pressures intensified in manufacturing (9.4% vs. 8.5% in April), driven in particular by higher prices in the manufacture of food (0.2% vs. 0.1%), beverages (4.2% vs. 3.8%), coke and refined petroleum products (59.1% vs. 56.2%), chemicals and chemical products (17% vs. 16.1%), and basic metals (11.3% vs. 7.1%).
Meanwhile, price growth was unchanged in electricity, gas, steam, and air-conditioning supply (3.9%), as well as in water supply, sewerage, waste management, and remediation activities (4.4%). On a monthly basis, producer prices increased by 0.1% in April, slowing from a 2.1% rise in the previous month.
