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.

Text boxes:

  • Text box 1: Recent food price trends in Serbia
  • Text box 2: Analysis of promotional sales across retail chains based on the NBS’s survey
  • Text box 3: Terms of foreign borrowing by the Republic of Serbia
  • Text box 4: Recent trends in manufacturing
  • Text box 5: Geopolitical risk – channels of influence and quantification of risk
  • Text box 6: Alternative projection scenarios

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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