Serbia: Inflation falls to over one-year low in September
Inflation dropped to 10.2% in September, following August’s 11.5%. September’s figure marked the lowest inflation rate since April 2022. The cooling of price pressures was largely driven by a slower rise in prices for food and non-alcoholic beverages. Moreover, prices for restaurants and hotels grew at a more subdued pace.
Annual average inflation fell to 14.2% in September (August: 14.5%). Meanwhile, harmonized inflation fell to 10.1% in September, from August’s 11.5%.
Finally, consumer prices rose 0.30% in September over the previous month, which was below August’s 0.34% rise.