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NBS Governor: Inflation to Stay Within Target Range of Three Percent
🇷🇸 Serbia /Economy & Trade

NBS Governor: Inflation to Stay Within Target Range of Three Percent

From N1 Serbia · () Serbian

Translated from Serbian, summarized and contextualized by DistantNews.

At a glance

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  • Serbia's inflation is expected to remain within the target range of 3 percent ± 1.5 percent, announced NBS Governor Jorgovanka Tabakovic.
  • Inflation fell to 1.9 percent in July, driven by lower fruit and vegetable prices, avoiding major energy crisis shocks.
  • The NBS revised its GDP growth projection upward to 3.2 percent for the year, citing increased economic activity in the second quarter.

National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic announced that inflation in Serbia is projected to stay within the central bank's target range of 3 percent, with a 1.5 percent tolerance on either side, in the coming period.

Presenting the August 2026 Inflation Report, Tabakovic highlighted that Serbia's economy successfully navigated the energy crisis without significant price shocks. Inflation decreased to 1.9 percent in July, largely due to a drop in the prices of fruits and vegetables. This decline contributed to keeping inflation within the targeted band.

Furthermore, the NBS has revised its Gross Domestic Product (GDP) growth forecast upward. This adjustment reflects a surge in economic activity observed during the second quarter of the year. The central bank now projects GDP growth to reach 3.2 percent for the current year.

This revised projection marks an increase from the May inflation report, when the NBS had lowered its 2026 growth forecast to 3 percent from an initial estimate of 3.5 percent. The upward revision signals a more optimistic outlook for Serbia's economic performance.

The new projection is for GDP growth to reach 3.2 percent this year.

— Jorgovanka TabakovicNBS Governor, presenting the August 2026 Inflation Report and announcing revised GDP growth projections.
DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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