Inflation in Next 12 Months at Around Three Percent

The inflation in Serbia, according to the May projections of the National Bank of Serbia (NBS), will hover around the target central value of 3% in the next year, NBS Governor Jorgovanka Tabakovic announced.

In a speech during the presentation of the NBS May Inflation Report, Tabakovic said that, under the May projection, over the next twelve months y-o-y inflation would hover around the target midpoint, under the impact of temporary factors, primarily the global prices of oil and primary agricultural commodities, which have been on the rise for some time already owing to higher optimism over global economic growth.

After the impact of these factors expectedly wears off, as of mid-2022 inflation will slide to the lower half of the target band of 3±1.5% and remain there in the medium run.

Narodna banka Srbije Beograd

NBS

Jorgovanka Tabaković

inflation

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