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.