NBS expects further drop of inflation rate

According to the assessment of the National Bank of Serbia (NBS), the year-on-year inflation rate will continue to decline.

Izvor: Tanjug

Friday, 14.06.2013.

10:42

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BELGRADE According to the assessment of the National Bank of Serbia (NBS), the year-on-year inflation rate will continue to decline. It is expected to return within the target tolerance band by October this year, the central bank has said. NBS expects further drop of inflation rate This will be a result of the high base effect, past monetary policy measures, new agricultural season, low aggregate demand and additional fiscal consolidation measures. According to the date of the Statistical Office of the Republic of Serbia, there was no inflation in May compared to April 2013. At the same time, the year-on-year inflation declined and returned to single digits (9.9 percent). Tanjug

NBS expects further drop of inflation rate

This will be a result of the high base effect, past monetary policy measures, new agricultural season, low aggregate demand and additional fiscal consolidation measures.

According to the date of the Statistical Office of the Republic of Serbia, there was no inflation in May compared to April 2013.

At the same time, the year-on-year inflation declined and returned to single digits (9.9 percent).

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