The price index for personal consumption expenditures (PCE) rose at an annual rate of more than 4 percent over the first five months of 2011, and 2-1/2 percent on a 12-month basis. Much of the acceleration was the result of higher prices for oil and other commodities and for imported goods.
The National Bank of Serbia also fully supports the announced issuing of dinar debt securities by international financial institutions. Namely, in cooperation with the National Bank of Serbia, some of them have been considering issuing long-term local currency bonds for quite some time already.