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How businessmen see inflation in Serbia?

According to the results of the Ipsos survey from December 2021, short-term and medium-term inflation expectations of the financial sector continue to be within the inflation target of the National Bank of Serbia (3 ± 1.5%). Representatives of the financial sector expect that inflation in December 2022 will be at the level of 4.5%.
According to the results of the Bloomberg survey from January this year, the inflation expectations of the financial sector for the year ahead are lower and amount to 3.5%.
According to the results of the Ipsos survey, the inflation expectations of businessmen increased to 6% in December, which can be largely related to the energy crisis and uncertainty regarding the price of electricity at the time of the survey. Also, higher inflation expectations of businessmen are most likely a consequence of price pressures in terms of prices of other inputs in production, and in terms of prices of their own finished products and services, the National Bank of Serbia said in a statement.
When it comes to inflation expectations for the two and three years ahead, they are anchored in the financial sector and the economy within the inflation target and range from 3% to 4%. These results of the survey indicate that both the financial sector and the economy perceive the current higher inflation as temporary, which is also the assessment of the National Bank of Serbia, as well as most of the leading central banks in the world, the statement added, eKapija reports.

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