National Bank of Serbia Announces Inflation Drop from Second Trimester

According to the data of the Statistical Office of the Republic of Serbia, in March inflation measured 0.9% m-o-m and 16.2% y-o-y, in line with NBS projections for Q1, the National Bank of Serbia (NBS) announced. Under the current projection, they expect inflation to strike a downward path as of Q2 and decline more vigorously in H2 2023.

The NBS adds that the expectations are that the inflation will end the year at a level twice lower than now.

– Acting towards the calming of inflationary pressures will be the past tightening of monetary conditions, the weakening of effects of global factors that led the past growth in energy and food prices, a slowdown in imported inflation, and dented external demand amid the anticipated slowing of global growth – the NBS says in the press release.

Republički zavod za statistiku

Narodna banka Srbije Beograd

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