FX.co ★ Serbia’s Producer Prices Dip Deeper into Deflation

In April 2025, Serbia witnessed a 0.4% decline in producer prices compared to the previous year, marking the second month of consecutive deflation amidst a 0.1% reduction in March. This decline was primarily driven by a steeper drop in producer costs for the mining and quarrying sector, which plummeted by 7.6% compared to a 3.4% decrease in March. Similarly, manufacturing costs decreased by 1.1% following a 0.8% fall in the previous month. Conversely, significant increases were observed in the water supply, sewerage, waste management, and remediation sectors, where prices rose to 20.9% from the previous 20.5%. Meanwhile, inflation remained steady in the electricity, gas, steam, and air-conditioning supply sector at 1.1%. On a month-on-month basis, producer prices dipped by 0.1% in April 2025, mirroring the decline from the previous month.