FX.co ★ Serbia’s Monthly Inflation Rebounds in August as CPI Rises 0.5%

Serbia’s consumer price inflation turned positive in August 2026, with the Consumer Price Index (CPI) rising 0.50% month-over-month, reversing the previous month’s decline. The latest data, updated on 11 September 2026, show a notable shift from July 2026, when CPI fell by 0.20% compared with June.

On a month-over-month basis, the August reading signals a clear rebound in price pressures after the brief downturn recorded in July. The comparison framework indicates that July’s -0.20% represented a drop from the prior month, while August’s 0.50% reflects renewed upward momentum in prices relative to July.

The move from negative to positive monthly inflation may draw closer attention from market participants monitoring Serbia’s short-term price dynamics, as it could mark the end of a temporary soft patch in consumer prices and influence expectations for the near-term inflation path.