Minister: Inflation under control
The finance minister says even though the inflation may exceed the projected mark, it will not spin out of control.
Sunday, 02.09.2007.
14:20
The finance minister says even though the inflation may exceed the projected mark, it will not spin out of control. Mirko Cvetkovic told Vecernje Novosti daily on Saturday that the summer drought had its effect on the inflation, adding that the government will undertake necessary measures to prevent greater disturbances in the market. Minister: Inflation under control However, according to him, there are some indications that the increase in prices may have partially been caused by the production and retail monopolists. At the same time, he did not ruled out a possibility that "certain cartels were operating in the Serbian economy." “This is exactly why we need the Competition Commission to look into the existence of these structures in our market and react accordingly.” Commenting on the fact that experts blame the government for day-to-day price hikes, the finance minister replied that the prices in question are being formed freely on the market folowing the supply and demand rules. According to the state statistical office (RSZ) report released on Saturday, Serbian economy recorded inflation of 1.2 percent in August. Mirko Cvetkovic (FoNet, archive)
Minister: Inflation under control
However, according to him, there are some indications that the increase in prices may have partially been caused by the production and retail monopolists. At the same time, he did not ruled out a possibility that "certain cartels were operating in the Serbian economy."“This is exactly why we need the Competition Commission to look into the existence of these structures in our market and react accordingly.”
Commenting on the fact that experts blame the government for day-to-day price hikes, the finance minister replied that the prices in question are being formed freely on the market folowing the supply and demand rules.
According to the state statistical office (RSZ) report released on Saturday, Serbian economy recorded inflation of 1.2 percent in August.
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