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Serbia's inflation to remain within 3% target, central bank governor says
๐Ÿ‡ท๐Ÿ‡ธ Serbia /Economy & Trade

Serbia's inflation to remain within 3% target, central bank governor says

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 of 3%, with a deviation of plus or minus 1.5%, according to the National Bank of Serbia governor.
  • Inflation fell to 1.9% in July, largely due to decreased prices of fruits and vegetables, with no significant price shocks from the energy crisis.
  • The central bank has revised its GDP growth projection for the year upward to 3.2% due to strong economic activity in the second quarter.

Serbia's inflation is projected to stay within the National Bank of Serbia's (NBS) target range of 3%, with a permissible deviation of 1.5% in either direction, according to NBS Governor Jorgovanka Tabakoviฤ‡.

Tabakoviฤ‡ noted that inflation decreased to 1.9% in July, primarily driven by lower prices for fruits and vegetables. She highlighted that the country has avoided significant price shocks related to the ongoing energy crisis, contributing to the stable inflation outlook.

Furthermore, the NBS has adjusted its Gross Domestic Product (GDP) growth forecast upward to 3.2% for the current year. This revision reflects a stronger-than-anticipated economic performance in the second quarter, signaling robust economic activity. The central bank had previously projected a 3% GDP growth for 2026 in its May report.

Inflacija u narednom periodu ostaje u granicama cilja od tri odsto, sa odstupanjem plus ili minus 1,5 odsto.

โ€” Jorgovanka Tabakoviฤ‡The Governor of the National Bank of Serbia stated the country's inflation outlook.
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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