Serbian Trade Minister Tomislav Momirovic said on Wednesday that inflation has been stopped and the trend reversed.
The minister told the state TV (RTS) that “prices have started falling” and added that “consumers see that through various sales and discounts”. “Retailers will not lower prices before they are sure that inflation is definitely going downwards but they will organize sales and discounts… and that is a clear signal,” he said.
According to Momirovic the downwards trend will become permanent in two weeks to a month. “Inflation is dropping, prices have stabilized and I think people will feel that soon,” the minister said.