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Inflation is likely to move around the lower boundy of the 1.5-4.5% target band until mid-2020,NBS said. Serbia’s average consumer prices rose by 1% year-on-year in October, after growing by 1.1% in September, official statistics show.

On a monthly basis, the consumer price index grew by 0.1% in October, after falling by 0.5% in September, according to Serbiaʼs state news agency, Tanjug.