The National Bank of Serbia (NBS) said on Tuesday that inflation stood at 8 percent in November which it said is lower than expected.
A press release said that the rise in the prices of food and “products and services within core inflation” had slowed and added that monthly inflation stood at 0.5% due to higher electricity and natural gas as well as cigarette prices.
“We expect y-o-y inflation to drop further in the coming period. After settling below 8% in December, it will continue down, returning within the target band in mid-2024. Such inflation trajectory will be supported by the effects of monetary tightening, a slowdown in imported inflation, and the anticipated further decline in inflation expectations,” the press release said.
Source: N1
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