Serbia Inflation September 2022


Serbia: Inflation comes in at highest level since April 2011 in September

October 11, 2022

Inflation rose to 14.0% in September, which was up from August’s 13.2%. September's result was the highest inflation rate since April 2011 and was driven by a strong increase in food and non-alcoholic beverages, transport, housing, water, electricity, gas and other fuels, and restaurants and hotels.

The trend pointed up, with annual average inflation coming in at 10.0% in September (August: 9.3%). Meanwhile, harmonized inflation rose to 13.6% in September, from August’s 12.8%.

Lastly, consumer prices rose 1.50% in September over the previous month, above the 1.20% rise seen in August.

FocusEconomics panelists see inflation averaging 10.4% in 2022. In 2023, our panelists project inflation to average 6.6%.


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Serbia Inflation Chart

Serbia Inflation September 2022

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Statistical Office of the Republic of Serbia (SORS)

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