The annual inflation by end-February hit record low rates of -2.6%, according to Bulgaria's National Statistical Institute.
The consumer price index (CPI) in February 2014 compared to January 2014 was 99.6%, i.e. the monthly inflation was -0.4%. The inflation rate since the beginning of the year (February 2014 compared to December 2013) was -0.6%, the NSI reports.
BELGRADE - February saw a 0.1 percent rise in consumer prices in comparison to the previous month, while the year-on-year inflation signaled that it will remain within the target band (4+/-1.5 percent) and dropped to 2.6 percent in February, the National Bank of Serbia (NBS) Governor's office has stated, referring to the data by the Serbian Statistical Office.
Key interest rate remains unchanged
BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent.
The board stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.
Annual inflation rate in 2014 "to be around 4 percent"
BELGRADE -- On average, inflation in Serbia should stand at about four percent annually, which corresponds to the inflation target of the National Bank of Serbia (NBS).
This is according to the NBS Inflation Report for February 2014, presented on Thursday.