12.08.202610:00:00UTC+00Serbia’s July CPI Growth Cools to 1.9% Year-on-Year, Down from 2.7% in June

Serbia’s consumer price inflation eased in July 2026, with the Consumer Price Index (CPI) rising 1.90% year-on-year, down from 2.70% in June 2026. The latest data, updated on 12 August 2026, indicate a further moderation in price growth compared with the same month a year earlier.

The figures are based on year-over-year comparisons: July’s 1.90% reading reflects the change in prices relative to July of the previous year, while June’s 2.70% represented the change versus June a year earlier. The slowdown suggests that inflationary pressures in Serbia continued to soften as the summer progressed, potentially giving policymakers more breathing room in their assessment of inflation dynamics.

With July marking a lower annual increase than June, the trend points toward a cooling price environment, which could influence expectations for future monetary and fiscal policy decisions if the disinflationary pattern persists in subsequent months.