Consumer price index measures changes in the prices of products and services that households purchase to meet their needs and are used as a measure of inflation.

Average personal consumption in September 2022

In September 2022, the prices of personal consumer products and services increased by 1.5% on average compared to August 2022. Compared to the same month of the previous year, consumer prices in September 2022 increased by 14.0%, while compared to December 2021, they increased by an average of 11.4%.

Products and services groups

Observed by the main groups of products and services classified according to the purpose of consumption, in September 2022, compared to the previous month, price growth was recorded in the groups Housing, water, electricity, gas and other fuels (3.8%), Restaurants and hotels (3.7%), Food and non-alcoholic beverages (2.4%), Housing equipment and ongoing maintenance (2.0%), Health (0.6%), Clothing and footwear (0.5%), Alcoholic beverages and tobacco and Education (by 0.2% each) and in the Communications group (0.1%). The price drop was recorded in the Recreation and Culture (-2.8%) and Transport (-0.3%) groups.

The prices of other products and services did not change significantly.

Movements in consumer prices

According to the consumer price trends data:

  • The consumer price index in the Republic of Serbia in September 2022 compared to August 2022 is 101.5.
  • The consumer price index in the Republic of Serbia in September 2022 compared to December 2021 is 111.4.

Period Inflation
August – September 2022 1.5%
September 2021 – September 2022 14.0%
December 2021 – September 2022 11.4%