consumer prices

Serbia’s Inflation Averages 2.9% as Energy and Utilities Drive Price Pressures

Serbia’s consumer-price growth remained moderate during the first half of 2026, although electricity, utilities and several regulated services accounted for a significant share of inflationary pressure. Average inflation reached 2.9% in January-June, while the second-quarter average stood at 3.2% year on year. Electricity and fuel among largest contributors Electricity accounted for 17% of the contribution to first-half inflation, making it the largest individual contributor among the listed categories. Motor fuels contributed 10.3%, followed by tobacco at 9.3%, medicines at 7.9%…