Brnabic: Current Inflation in Serbia 11.5%, Salaries and Pensions Growing Faster Than Prices

The prime minister of Serbia, Ana Brnabic, has stated that the latest data show that the inflation is at 11.5%, which, as she said for RTS “is slightly better than projected by the National Bank of Serbia.”

– All the measures that the National Bank of Serbia is implementing are producing results. We are fighting the inflation and I expect it to be at 8% by the end of the year, to be 4% or slightly below 4% by the end of next year. I can’t interfere with the work of the NBS, they are an independent institution in every sense, but I am grateful for this decision to cap housing loan interest rates, I think that is very good for all citizens who have loans taken out and I believe that it will directly increase the purchasing power, improve the standard and the quality of life – the prime minister said.

She pointed out that “we still have a real salary growth, and not just the nominal one” and added that the nominal growth was over 12-13% for both salaries and pensions.

She also added that “in real terms, at the moment, both salaries and pensions are growing faster than the inflation.”

– So, in every sense, anyone who claims that the inflation eats up all the increases we have adopted, we have implemented, is not right, it’s simply not true. So, we have a real growth of both salaries and pensions – Brnabic says.

Vlada Republike Srbije

Narodna banka Srbije Beograd

Ana Brnabić

inflation

salary increase

housing loan capping