A new set of economic measures will come into force in Serbia tomorrow, including limiting trade margins and reducing prices on more than 20,000 products in 23 categories.
Serbian Finance Minister Siniša Mali says that prices are expected to fall by an average of ten to 20 percent, depending on the previous margin on a particular product.
“It is important that this does not only concern a few products, but the entire range of food products that we all buy every day,” Mali told the newspaper “Kurir”.
He added that the analysis has determined that the prices of food products, soft drinks and similar products significantly dictate the level of inflation, which, he says, must be curbed.
One of the main goals of the new measures is to curb inflation, which stood at 4.9 percent at the end of July. According to data from the National Bank of Serbia, the prices of food and beverages have the greatest impact on inflationary pressure.
