Serbia's producer prices increased 6.2% year-on-year in July 2026, easing from a 7% rise in June and marking the second consecutive month of moderation. The slowdown was driven by softer inflation for energy (12% vs 14.9%) and intermediate goods (4.6% vs 5%), while durable consumer goods returned to positive territory (0.8% vs -5.5%). In contrast, price growth accelerated for capital goods (5% vs 4.1%), while inflation for non-durable consumer goods was unchanged at 1.6%. By sector, producer price inflation eased in manufacturing (6.8% vs 7.9%). However, inflation accelerated in electricity, gas, steam and air conditioning supply (5.8% vs 4.4%) and edged up in mining and quarrying (8.5% vs 8.4%), while remaining steady in water supply, sewerage, waste management and remediation activities (3.9%). On a monthly basis, producer prices fell 0.2%, following a 0.9% decline in June.