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...
15/10/2026
According to the results of the September Ninamedia survey, short-term inflation expectations of the financial sector remained unchanged at 3.5% for the third consecutive month, continuing to move within the NBS target band. The financial sector’s inflation expectations for two years ahead increased from 3.0% in August to 3.4% in September, while expectations for three years ahead remained unchanged at 3.0% for the fourth consecutive month.
According to the results of the October Bloomberg survey, one-year ahead inflation expectations of the financial sector declined to 3.7%, from 3.8% in September.
According to the September Ninamedia survey, one-year ahead inflation expectations of the corporate sector have remained unchanged since April, at 5.0%. Medium-term inflation expectations of corporates returned to 5.0%, which is the level at which they have stood for most of the year. This represents an increase relative to August, when expectations for two and three years ahead stood at 4.4% and 4.7%, respectively. Medium-term inflation expectations of the corporate sector have been moving within the 4.0–5.0% range since mid-2024.
Households’ inflation expectations for one and three years ahead have stayed unchanged in recent months, at 10%, while expectations for two years ahead declined from 10% in August to 8.0% in the September survey.
For the purpose of transparent communication with the public, since May 2015 the NBS has been publishing 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
