Price increases expected
The total inflation in May measured by the increase of consumer prices, was 1.5 percent, according to the State Statistics Bureau.
Sunday, 27.06.2010.
15:21
The total inflation in May measured by the increase of consumer prices, was 1.5 percent, according to the State Statistics Bureau. The inflation rate since the beginning of the year is at 4.1 percent, though officials stated that the inflation rate would not go over six percent by the end of the year. Price increases expected According to surveys done by the Institute for Market Research, half of the businesses surveyed expect their prices for production and services to increase. A greater increase in the prices of raw materials and repromaterials is expected as well, according to the survey, which will also increase prices on the consumer level. “If this trend continues, I expect and can announced that we can expect an increase in all prices before we reach the magical limit of 110 dinars per euro,” Rade Pribicevic of the Danube Food Group said. “All further decreases in the value of the dinar, especially if they are uncontrolled, or unplanned…lead to new sources of inflation,” Bambi General Director Miroslav Miletic said. In addition to the unstable exchange rate, companies in Serbia are also unsure of whether or not energy and fuel prices would be increasing as well. (FoNet archive)
Price increases expected
According to surveys done by the Institute for Market Research, half of the businesses surveyed expect their prices for production and services to increase.A greater increase in the prices of raw materials and repromaterials is expected as well, according to the survey, which will also increase prices on the consumer level.
“If this trend continues, I expect and can announced that we can expect an increase in all prices before we reach the magical limit of 110 dinars per euro,” Rade Pribićević of the Danube Food Group said.
“All further decreases in the value of the dinar, especially if they are uncontrolled, or unplanned…lead to new sources of inflation,” Bambi General Director Miroslav Miletić said.
In addition to the unstable exchange rate, companies in Serbia are also unsure of whether or not energy and fuel prices would be increasing as well.
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