FX.co ★ Serbia’s Annual Inflation Ticks Up to 2.2% in August, Ending Declining Streak

Serbia’s consumer price inflation edged higher in August 2026, with the year-over-year CPI rising to 2.20%, up from 1.90% in July 2026. The latest data, updated on 11 September 2026, mark a modest acceleration after the previous reading had signaled a lower annual pace of price growth.

Measured on a year-over-year basis, the August figure reflects the change in prices compared with August of the prior year, while the July reading represented the change versus July a year earlier. The move from 1.90% to 2.20% suggests that inflationary pressures have firmed slightly, although the rate remains relatively contained by historical standards.

The shift breaks the prior trend of easing inflation and may draw closer attention from policymakers and financial markets, as investors assess whether August’s uptick represents a temporary fluctuation or the start of a more sustained acceleration in consumer prices.