Serbian consumer prices drop 0.2% in July, but remain higher year-on-year

Consumer prices in Serbia experienced a slight monthly decrease of 0.2% in July compared to June, according to the national statistics office (RZS). However, the cost of living remains elevated compared to the previous year, with prices 1.9% higher than in July 2025 and 2.5% above December 2025 levels. The primary driver for the July price decline was a 2% drop in food and non-alcoholic beverage prices. Clothing and footwear also saw a decrease of 0.7%. Conversely, the cost of recreation, sport, and culture surged by 6.2%. Other notable price increases included alcoholic beverages and tobacco (1.3%), health services (0.8%), and transport (0.5%). Smaller price hikes were observed in furnishings and household equipment, as well as restaurant and accommodation services, both rising by 0.3%. Housing and utilities, personal care, miscellaneous services, and information and communication each saw a 0.2% increase.

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Despite the monthly decline, prices remained higher than a year earlier. Consumer prices increased by 1.9% in July compared with July 2025, while they were 2.5% higher than in December 2025