News

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

Tuesday, 12. Sep 2023.

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.


Source: eKapija

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