Serbian c-bank sees low inflation in early 2015

NBS is targeting inflation of 4.0% with a 1.5 percentage point variation band on either side in 2015.

Over the medium term, inflation is expected to remain stable, within the target band.

The inflation outlook is based on expected adjustments in regulated prices, notably of electricity tariffs, and the gradual depletion of disinflationary effects thanks to falling prices of primary agricultural products, the NBS said.

On an annual basis, Serbia’s consumer price index rose 2.4% in November after increasing by 1.8% a month earlier

In 2013, Serbia's average annual inflation decelerated to 7.8% from 12.2% a year earlier.