Makrognosis

Serbia Core Inflation Rate

MonthlyNot seasonally adjustedCode RS.CPICORE.M.NSA

Latest (y/y)4.7%September 2026
Previous (y/y)4.6%August 2026
Level105.2September 2026
Next release11 Dec 2026expected

Serbia Core Inflation Rate was up 4.7% year on year in September 2026, compared with 4.6% in August 2026.

The level stood at 105.2 (index).

That is the highest reading since July 2025.

Among the 50 economies Makrognosis covers on this measure, it is the 8th highest.

Over the past ten years it has ranged from 0.8% (Mar 2018) to 11.1% (Mar 2023), averaging 3.8%.

The next update is expected on 11 December 2026.

Serbia Core Inflation Rate, annual % change, Dec 2006 – Sep 20260.0%2.5%5.0%7.5%10.0%2010201520202025Robomacro
Serbia Core Inflation Rate, annual % change, Dec 2006 – Sep 2026. Source: Eurostat (Statistical Office of the European Union).
Serbia Core Inflation Rate, level (index)4060801002010201520202025Robomacro
Serbia Core Inflation Rate, level (index).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 2026105.24.7
August 2026105.54.6
July 2026105.04.4
June 2026104.44.5
May 2026103.74.5
April 2026103.34.4
March 2026102.84.2
February 2026102.74.1
January 2026102.44.1
December 2025101.94.2
November 2025101.54.3
October 2025100.94.0
September 2025100.54.1
August 2025100.94.7
July 2025100.74.9
June 202599.904.8
May 202599.294.6
April 202599.015.0
March 202598.625.2
February 202598.585.7
January 202598.325.6
December 202497.755.3
November 202497.355.4
October 202497.025.5

Last 24 observations. The full history (250 observations) is available through the API.

Get Serbia Core Inflation Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/RS.CPICORE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/RS.CPICORE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationDecember 2005
Observations250
FrequencyMonthly
Unitsindex
AdjustmentNot seasonally adjusted
10-year high11.1% (Mar 2023)
10-year low0.8% (Mar 2018)
10-year average3.8%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeRS.CPICORE.M.NSA

Core Inflation Rate: how Serbia compares

#EconomyPeriodLatest
1ArgentinaSep 202631.6%
2TurkeyOct 202628.5%
3RomaniaSep 20267.0%
4IcelandSep 20266.8%
5KosovoSep 20266.2%
6PhilippinesOct 20265.4%
7MontenegroSep 20264.8%
8SerbiaSep 20264.7%
9GreeceOct 20264.7%
10BulgariaOct 20264.5%
11MexicoOct 20263.8%
12GeorgiaSep 20263.7%
13LithuaniaOct 20263.7%
14HungarySep 20263.7%

Core Inflation Rate by country: all 50 economies ranked →

Other Serbia indicators

Serbia GDP (Gross Domestic Product)Serbia Nominal GDP at current prices, annual (RZS)Serbia Nominal GDP at current prices, quarterly, not seasonally adjusted (RZS)Serbia Real GDP, chain-linked volumes (reference year 2021), annual (RZS)Serbia Inflation Rate (CPI)Serbia 10-Year Government Bond YieldSerbia Credit Rating & Sovereign Risk ScoreSerbia Industrial ProductionSerbia Retail SalesSerbia Current account balance (BPM6, vs rest of world), not seasonally adjusted, million EURSerbia GDP implicit deflator, 2010=100, seasonally and calendar adjustedSerbia Population, 1 JanuarySerbia Sovereign Bond Spread vs US Treasuries

FAQ

What is the current core Inflation Rate in Serbia?
The latest reading is 4.7% year on year for September 2026, published by Eurostat (Statistical Office of the European Union).
When is the next Serbia core Inflation Rate release?
The next update is expected on 11 December 2026.
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code RS.CPICORE.M.NSA.

Last updated 2026-11-10. Source: Eurostat (Statistical Office of the European Union). Original title: “Serbia HICP: Core (excl. energy, food, alcohol & tobacco) (2025=100)”.