The slight rise in inflation in Serbia is not affected by increased demand due to government levies, but by cost pressures, including bottlenecks in the supply chain, rising prices of energy, metals and other raw materials, mostly from global markets, said the governor of the National Bank of Serbia, Jorgovanka Tabakovic.
Speaking at the parliamentary Finance Committee, Tabakovic said that from March 2020 to September 2021, Serbia has an average inflation rate of 2.2 percent.
“The most important thing is to keep inflation expectations anchored and to have overflowing inflation from the world, in terms of energy and food prices, and that one-time and other increases in salaries and benefits to citizens did not in any way affect inflation in terms of demand,” said Tabakovic.
To a lesser extent, she says, the increase in inflation was influenced by the drought.
She pointed out that the obligation of the state is to keep inflation expectations and added that they are within the limits of the goal.
Tabakovic stated that the core inflation in Serbia is currently 2.6 percent, while, she states, it is 5.8 percent in the Czech Republic, 7.6 percent in Russia, about four percent in Poland and Hungary, and slightly below four percent in Romania.
She is convinced, she says, that the reason for the fear of inflation should not be to a large extent, and she expressed her belief that the NBS projections will be realized and that inflation will be within the target in the second half of next year, Bonitet reports.
