Prices of imported industrial products in Serbia increased by 3.4% year-on-year in July 2026, according to the Statistical Office of the Republic of Serbia. Compared with June, prices rose by 0.3%.
During the first seven months of 2026, import prices were 0.2% higher than in the same period of 2025. Compared with December, they increased by 3.8%.
Energy was the main driver of growth. Imported energy prices rose by 13.7% year-on-year and were 11.9% higher than in December 2025.
The largest increase was recorded in coke and refined petroleum products. Prices in this category rose by 25.7% compared with July 2025 and by 31.4% compared with December. However, the monthly increase was only 0.2%, indicating that most of the rise occurred earlier in the year.
Prices associated with crude oil and natural gas extraction increased by 7.3% year-on-year and by 2% compared with June.
Intermediate goods excluding energy became 3.5% more expensive than a year earlier. Higher prices for these products could increase costs for Serbian manufacturers that depend on imported materials and components.
Among individual industries, prices rose by 6.3% for computers, electronic and optical products, 5% for basic metals, and 4.8% for chemicals and chemical products. Imported capital goods were 2.4% more expensive than in July 2025.
Price pressures were weaker among consumer goods. Durable consumer goods became 0.6% cheaper year-on-year, while prices of non-durable consumer goods increased by only 0.5%.
Imported food products rose in price by 1.2%, while beverages became 7.5% more expensive. In contrast, pharmaceutical products declined by 2.2%, and leather and leather products were 1.5% cheaper than a year earlier.
The figures suggest that Serbia’s recent import-price growth has been concentrated primarily in energy rather than spread evenly across all product groups.
Higher import prices may eventually affect domestic production and retail prices, although the scale and speed of that effect depend on factors including exchange rates, inventories, business margins and market competition.
The Statistical Office calculates the indices in Serbian dinars, converting prices reported in foreign currencies at the National Bank of Serbia’s official middle exchange rate. The results therefore reflect both international price movements and changes in exchange rates.
The data are final and based on a representative sample. The next monthly report is scheduled to be published on September 10, 2026.
