The pace of decline accelerated thereafter due mainly to the base effect from last year's high petroleum product prices, and the CPI (excluding fresh food) marked a record decline of 2.4 percent in August, year-on-year, and declined by 2.3 percent in September. The Bank views the outlook for prices as follows.
Radovan Jelašić: Future of the capital market in the Balkans Speech by Mr Radovan Jelašić, Governor of the National Bank of Serbia, to participants of the Economist Media Group conference “Future of the Capital Market in the Balkans”, Belgrade, 24 June 2008.