NATIONAL BANK OF SERBIA  Speech at the presentation of the Inflation Report – May 2018 Dr Jorgovanka Tabaković, Governor  Belgrade, 17 May 2018  Ladies and gentlemen, representatives of the press, dear colleagues, Welcome to the presentation of the May Inflation Report. We will give you an overview of the current macroeconomic developments, our new projections and monetary policy decisions.
Turning to price developments, annual HICP inflation rates will exhibit some short-term volatility over the coming months, as we already indicated on the occasion of previous meetings of the Governing Council. According to Eurostat’s flash estimate, annual HICP inflation was 2.0% in April, after 1.7% in March.