The NBS Head Office Building was built from 1888 – 1890, on the basis of blueprints designed by Konstantin Jovanovic (Vienna 1849 – Zurich 1923), son to distinguished artist Anastas Jovanovic...
19/01/2026
According to the December Ninamedia survey, both short-and medium-term inflation expectations of the financial sector continued to move within the NBS target band (3±1.5%). One-year ahead inflation expectations edged down from 3.4% in November to 3.1% in December. Medium-term inflation expectations of the financial sector went up in the December survey, from 3.0% in November to 3.5% for two years ahead and 3.2% for three years ahead.
According to the January Bloomberg survey results, short-term inflation expectations of the financial sector fell to 3.8% from 4.0% in December.
According to the December Ninamedia survey, one-year ahead inflation expectations of the corporate sector declined from 5.8% in November to 5.0% in December, thus retreating to the level recorded in the major part of 2025. Medium-term corporate inflation expectations stayed unchanged in the December survey relative to November, at 5.0%, continuing to move within the 4.0–5.0% range since end-2023.
For the purpose of transparent communication with the public, since May 2015 the NBS publishes regular monthly reports on inflation expectations of the financial sector, corporate sector, trade unions and households. The Report on the Results of the Inflation Expectations Survey and the accompanying materials (time series, methodology and the survey questionnaire) can be accessed on the NBS website, section Publications.
Economic Research and Statistics Department
