Inflation Report

Inflation Report contains information on the current and expected inflation, analysis of underlying macroeconomic developments, explanation of the reasoning behind the decisions of the Executive Board and an assessment of the monetary policy efficiency as implemented during the previous quarter. Integral parts of this report are inflation projection for eight quarters ahead, assumptions on which such projection is based and an analysis of the basic risks involved in achievement of target inflation.

Tables and charts (XLS):

Text boxes:

  • Text box 1: Pork price movements in Serbia, underlying factors and outlook going forward
  • Text box 2: FX supply and demand factors at home
  • Text box 3: Impact of fiscal policy measures on inflation in Serbia
  • Text box 4: Manufacturing trends in Germany and their impact on Serbia’s manufacturing output and export
  • Text box 5: Inflation outlook at home and abroad
  • Text box 6: Alternative projection scenarios – different assumptions for global primary commodity prices

Inflation Report - archive

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The simultaneous interpretation of Inflation Report presentations by the National bank of Serbia serves only to facilitate communication amongst the participants in the press conference. It does not constitute an authentic record of proceedings.
Only the original speech or the revised written translation of that speech is authentic.
Where there is any difference between the simultaneous interpretation and the original speech (or the revised written translation of the speech), the original speech (or the revised written translation) takes precedence.
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