Photo: Đorđe Krtsić/Tanjug"I'm afraid the prices are here to stay and we'll have to get used to them." Inflation has eaten an average of 40 percent of our standard in the last three years," says Goran Radosavljević, professor of the Faculty of Economics, Finance and Administration.
Professor of the Faculty of Economics, Finance and Administration (FEFA) Goran Radosavljević said that we do not expect a drop in food prices and that the announced increase in excise taxes, electricity, gas, as well as extravagant fiscal measures that foresee indiscriminate assistance to all citizens, will probably fuel the inflation that is almost twice as high in Serbia as in Europe.
"Part of the price increase in our country is imported, due to the increase in the prices of energy products and goods on the world market, but part of it is internal. Above all, in recent years we have had bad, almost no investments in the food production sector, which has led to the fact that today Serbia imports even milk," Radosavljević told Insajder television.
According to him, since July 2021, food prices in Serbia have increased by almost 45 percent, and since July 2019, by as much as 57 percent.
Prices are here to stay.
"I'm afraid the prices are here to stay and we'll have to get used to them." Inflation has eaten an average of 40 percent of our benchmark over the past three years. The only way out is an increase in standards, and we will have to change how some things are financed and the way of taxation, so that citizens have a higher income," said Radosavljević and explained that one-time state aid has no impact on citizens' standards, nor does it make any economic sense.
He adds that "it is a pure waste of money from the budget and a pre-election promise", that money is being spent that "will come to be paid at some point", that "the key thing is that the state does not act like a thug who takes 100 and in return gives 20 ."
Trade margins higher than in Germany
Answering the question of whether the state's interference in trade prices is justified and whether high trade margins are responsible for the rise in prices, Radosavljević says that we do not know what is happening in that area.
"If the margins here are higher than in Germany, why aren't there ten more traders?" Something is not right," says Radosavljević. "We don't know what is happening, whether there are monopolies and whether primary production is threatened, but the state should not deal with retail margins, but with the final outcome." And if someone makes extra profit, there are mechanisms to deal with it."
MN/FoNet
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