This time around, inflation didn’t occur as a result of the excessive printing of dinars, unlike many of the previous periods of inflation that we recall. However, the fact that we imported it – together with the entire planet – doesn’t mean that we cannot aggravate it, and that we aren’t already doing so. Whichever way we look at it, we’re awaited by a leaner year than we’d hoped for
In a country where memories of hyperinflation are passed down from generation to generation, and where periods of low, stable inflation have been rare, even the slightest increase in prices is a cause of irritation. Is that justified? Have Serbia’s government and central bank responded well? What kinds of totals are we talking about when it comes to annual inflation and to what extent is it in our power to curb price rises and preserve the value of savings? These are the questions that we posed to our interlocutors, all of whom are specialists in monetary and fiscal policy.