Serbia’s consumer price inflation accelerated sharply in September 2026, with the Consumer Price Index (CPI) rising 4.10% year-on-year, up from 2.20% in August 2026. The data, updated on 12 October 2026, show that price pressures have strengthened notably as the annual rate of increase in prices nearly doubled in the space of one month.
Both readings are based on a year-over-year comparison, measuring price changes in each month against the same month a year earlier. The previous figure for August represented a 2.20% increase versus August of the prior year, while the latest reading indicates that prices in September were 4.10% higher than in September a year before.
The acceleration suggests a clear shift in the inflation trend heading into the final quarter of 2026, and will likely draw close attention from investors and policymakers monitoring price stability and potential implications for interest rates and broader economic policy in Serbia.
