One-year-ahead inflation expectations unchanged compared to January

Short-term and medium-term inflation expectations of the financial sector, according to the results of the February survey by Ninamedia, are at the central value of the National Bank of Serbia’s target. Inflation expectations one year ahead are unchanged compared to January and, for the second month in a row, are 3%, the NBS announced.

Medium-term inflation expectations of the financial sector for both two and three years ahead are 3% in the February survey and are almost unchanged compared to the previous month (in January, expectations for two years ahead were 3.1%, and expectations for three years ahead were at the level of 3%).

According to the results of the March survey by Bloomberg, short-term inflation expectations of the financial sector decreased from 3.7% in February to 3.5% in March.

Medium-term expectations of the economy sector have continued to range between 4% and 5% over the past year. Inflation expectations of economy representatives for a year ahead, according to a survey by the Ninamedia agency, were reduced from 5% in January to 4% in the February survey. Expected inflation of the economy sector for two years ahead was maintained at the January level and amounts to 4%, while expected inflation for three years ahead, after a decrease to 4.7% in January, returned to the level of 5%, which it recorded for most of 2025.

Narodna banka Srbije Beograd

inflation expectations