Inflation

BELGRADE - The results of a June Ninamedia survey show that one-year ahead inflation expectations of the Serbian financial sector amounted to 3.7 pct, declining from the previous month (3.9 pct) and getting closer to the NBS target midpoint, says the National Bank of Serbia (NBS).

Businesses appear to be more optimistic about the inflation outlook than households, a survey by the Central Bank has shown.

The real sector's 12-month expectations declined by 1.2 points to 55 percent, while households' expectations rose by 0.5 points to 72 percent in July.

BELGRADE - The Serbian average net monthly wage in May was 100,170 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 138,332 dinars.

BELGRADE - Quoting figures from the national statistical office, the National Bank of Serbia (NBS) said on Friday Serbian y-o-y inflation had slowed down to 3.8 pct in June, staying on the path projected by the central bank.

"The inflation slowdown is owed chiefly to the prices of food and petroleum products," the NBS said in a statement.

The worst is over in inflation, Treasury and Finance Minister Mehmet Şimşek has said, adding that "we are the beginning of the disinflation process."

"We are implementing a very consistent disinflation program," Şimşek said in a speech he delivered at the Turkish Industry and Business Association's (TÜSİAD) high advisory council meeting in Istanbul.

More than 180,000 pensioners are working, according to the Deputy Minister of Labour and Social Security, Panos Tsakloglu, in an interview with the One Channel.

Inflation in Cyprus amounted to 2.2% for the first half of the year on an annual basis, according to the Cyprus Statistical Service (CyStat).

Compared with the previous six months (July-December 2023), however, the consumer price index eased 0.32%, excluding consumption tax increases.

Annual inflation was 2.3% in June, according to data released today, Tuesday 9/7 by ELSTAT, recording a further slowdown for another month.

Erhan Çetinkaya, the head of the Turkish Statistical Institute (TÜİK), has dismissed criticism leveled at the authority over its inflation calculations.

Greece's inflation rate amounted to 2.3% in June, down from 2.4% in May. Hellenic Statistical Authority (ELSTAT) data showed that food prices increased by 2.1%, while prices in the housing, durable goods and communications categories decreased.