Business People in Serbia Expect Inflation of 2%

The financial sector expects the inflation in May 2022 to amount to 2.5%, whereas a slightly lower inflation, at 2.0%, is expected by business people, according to the May survey of inflation expectations.

Short-term and medium-term inflation projections of the financial sector and the economy, according to the survey, range within the targeted band (3 plus-minus 1.5%), the National Bank of Serbia (NBS) announced.

When it comes to medium-term inflation expectations (for May 2023 and 2024), in the financial sector, similar to short-term projections, they are at around 2.5%, whereas business people expect the inflation to be slightly lower, at 1.7%.

The NBS says that the achieved anchoring of the inflation projections contributes to an increase of the efficiency of the monetary policy in maintaining a low, stable and predictable inflation in the medium-term, which is one of the necessary conditions of a sustainable economic growth.

The central bank reminds that, for the purpose of transparent communication with the public, since May 2015, it is regularly reporting on the inflation projections of the financial sector, the economy, the unions and the populace each month.

Narodna banka Srbije Beograd

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