That sanguine picture is reinforced if crude oil prices do, in fact, turn out to be relatively flat over the remainder of this year. Such a flattening of oil prices would reduce headline inflation directly and would diminish the threat of higher energy prices becoming more deeply embedded in the inflation process by raising inflation expectations.
Ladies and gentlemen, There is no doubt that ecology must be one of the priorities of policy makers, and in Serbia it is, because it is interwoven with many policies. Also, all actors – from individuals to institutions and decision makers – must act responsibly.