The Governor of the National Bank of Serbia, Jorgovanka Tabakovic, stated today that the prices of energy and unprocessed food contributed the most to inflation.
Year-on-year inflation in Serbia in August was 4.3 percent and is lower than year-on-year inflation in most Central and Southeast European countries that are in the same monetary policy regime.
“Year-on-year inflation in August was 4.9 percent in Hungary, 5.3 percent in Romania, while it reached 5.5 percent in Poland. Only the Czech Republic had slightly lower year-on-year inflation than Serbia in August, where the year-on-year overall inflation was 4.1 percent. However, unlike the Czech Republic, core inflation in Serbia amounted to 1.8 percent in August, which indicates the absence of more permanent inflationary pressures and which confirms our assessment that the current higher inflation is temporary,” Tabakovic said.
She said that Serbia should not be compared to other countries.
“Achieved and preserved macroeconomic, financial and fiscal stability has enabled us to successfully respond to the challenges ahead and to preserve business and consumer confidence in the most difficult moments of the pandemic, and thus jobs and production capacities of our economy,” she added, Danas reports.
