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Food prices drive Serb inflation to double digits
date:Oct 13, 2012
ely stagnate and remain like that until the end of 2012, said Sasa Djokovic of the Belgrade-based Institute for Market Research (IZIT).

He said the government's move to narrow the budget gap by raising value-added tax would accelerate inflation in October. He voiced doubt about how effective the rate hike would be.

Monetary measures have little impact as inflationary pressures are not coming from the monetary sphere but from disbalances in Serbia's monopolised economy, Djokovic said.

STRONGER

12/23 04:24