FX.co ★ Serbia Producer Prices Highest in 3 Years

Serbia’s producer prices increased by 5.3% year-on-year in March 2026, accelerating sharply from a 0.2% rise in February and reaching their highest level since March 2023. The upturn was driven chiefly by a strong rebound in mining and quarrying (11% vs. -4.7% in February) and manufacturing (5.6% vs. -0.8%). Within manufacturing, notable increases were recorded in the production of coke and refined petroleum products (30.3% vs. -17.6%), chemicals and chemical products (5.4% vs. -0.9%), and beverages (4.5% vs. 2.7%).

Prices for electricity, gas, steam, and air-conditioning supply were unchanged, maintaining a 3.9% increase. In contrast, inflation eased in water supply, sewerage, waste management, and remediation activities (4.7% vs. 6%). On a monthly basis, producer prices rose by 4.9% in March, following a 0.2% increase in the previous month.