Central bank on inflation outlook
Year-on-year inflation was in decline during the second quarter of 2010, said the National Bank of Serbia (NBS).
Friday, 06.08.2010.
12:07
Year-on-year inflation was in decline during the second quarter of 2010, said the National Bank of Serbia (NBS). In June, for the sixth month in a row, it was moving below the lower limit of the target for 2010 of six plus-minus two percent, the central bank stated. Central bank on inflation outlook The statement also expressed the expectation that the inflation rate will during the third quarter be moving within the allowable deviation from the goal. In its August Report on Inflation, the NBS estimated that prices of agricultural products will be crucial in determining the inflation rate in the coming months, that in the third quarter the trend of year-on-year inflation rate growth slowdown should be stopped, and also that the inflation rate should return within the limits of acceptable deviation from the goal. The NBS estimated that in the third quarter, there will be increase in the prices of oil, flour, dairy products, confectionery and drinks, while the prices of non-food products, especially of services, are expected to be on a slight increase compared to the previous quarter. According to the report, in the second quarter of this year, there was an increase in the total and core inflation rates, while the growth of overall inflation was mainly due to the rise in prices of agricultural products.
Central bank on inflation outlook
The statement also expressed the expectation that the inflation rate will during the third quarter be moving within the allowable deviation from the goal.In its August Report on Inflation, the NBS estimated that prices of agricultural products will be crucial in determining the inflation rate in the coming months, that in the third quarter the trend of year-on-year inflation rate growth slowdown should be stopped, and also that the inflation rate should return within the limits of acceptable deviation from the goal.
The NBS estimated that in the third quarter, there will be increase in the prices of oil, flour, dairy products, confectionery and drinks, while the prices of non-food products, especially of services, are expected to be on a slight increase compared to the previous quarter.
According to the report, in the second quarter of this year, there was an increase in the total and core inflation rates, while the growth of overall inflation was mainly due to the rise in prices of agricultural products.
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