Serbia central bank takes aim at food price volatility to bring inflation in line

nbs-serbia
National Bank of Serbia

The National Bank of Serbia is to work with the government to find measures that might reduce the volatility of agricultural commodity prices, due to the high level of influence food prices have on inflation, it says in its monetary policy report for 2013, published this week.

The report says that in 2013, as in 2012, "inflation movements were determined primarily by the prices of food", which accounted for 7.5 percentage points, or 71%, of the 10.6 percentage point fall in year-on-year

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