The National Bank of Serbia (NBS) announced today that the y-o-y inflation in Serbia in July amounted to 12.8% and that it would reach its peak of 14% in September.
On an annual level, an average inflation of 11 to 11.5% is expected. The NBS expects the inflation to start dropping from October and to enter the target band in the first half of 2024.
In the period since the previous Report in May, inflation in most countries had continued to rise above expectations, reflecting primarily the surge in energy and food prices, which intensified further with the outbreak of the Ukraine conflict.
Click to read full Inflation Report August 2022 in English.
Click to check the presentation on the Inflation Report August 2022 in English.
*The information in this announcement does not represent legal advice and is provided for general informational purposes only.