Commission created to track price trends

The government has formed a commission to monitor price trends to help mitigate the impact of the economic crisis, says Trade Minister Slobodan Milosavljevic. “The commission will meet for the first time in late July, and ministry representatives have been asked to conduct an analysis of price movements and reasons for changes in prices in their departments in the first six months of the year,” said Milosavljevic. Commission created to track price trends According to the minister, a decision will be taken on forming a projection of price movements in all sectors by the end of the year. He said that inflation in the first half of the year had been 9.1 percent, a trend which had slowed to just 0.4 percent in June, adding that a difficult task lay ahead in trying to maintain price stability, macroeconomic stability and buying power. “Our aim is to have an analysis of what has happened, forecasts and expectations, and to try and preempt potential negative repercussions from price adjustments and reduced consumer purchasing power,“ said Milosavljevic. He said that this would not involve any administrative measures, but comprehensive work on preserving the population’s buying power. The commission, formed at the Trade Ministry’s proposal, is made up of representatives from the Ministries of Trade, Economy, Labor, Energy, Health, Finance and Agriculture, and from the Statistical Institute and the National Consumer Organization. Formed over a period of 12 months, the commission will be required to submit a report to the pertinent committee every 60 days, and to the government every 90 days. The commission’s chairman will be Milosavljevic himself. Slobodan Milosavljevic (FoNet, archive)

Commission created to track price trends

According to the minister, a decision will be taken on forming a projection of price movements in all sectors by the end of the year.

He said that inflation in the first half of the year had been 9.1 percent, a trend which had slowed to just 0.4 percent in June, adding that a difficult task lay ahead in trying to maintain price stability, macroeconomic stability and buying power.

“Our aim is to have an analysis of what has happened, forecasts and expectations, and to try and preempt potential negative repercussions from price adjustments and reduced consumer purchasing power,“ said Milosavljević.

He said that this would not involve any administrative measures, but comprehensive work on preserving the population’s buying power.

The commission, formed at the Trade Ministry’s proposal, is made up of representatives from the Ministries of Trade, Economy, Labor, Energy, Health, Finance and Agriculture, and from the Statistical Institute and the National Consumer Organization.

Formed over a period of 12 months, the commission will be required to submit a report to the pertinent committee every 60 days, and to the government every 90 days.

The commission’s chairman will be Milosavljević himself.