fuel

Serbia’s Inflation Accelerates to 2.2%, Complicating Prospects for NBS Rate Cuts

Serbia’s annual inflation accelerated to 2.2% in August from 1.9% in July after consumer prices increased 0.5% month on month, according to the Statistical Office. The increase keeps inflation within the National Bank of Serbia’s (NBS) target range but comes as policymakers assess renewed energy-price pressures and domestic demand. The NBS maintained its key policy rate at 5.75% this week and has warned that inflation could approach 4% from September as favourable base effects weaken and higher international energy costs…