Bosnia's consumer price index (CPI) fell 1.2% y/y in December 2013, after dropping 0.9% y/y the previous month, dragged down by falling food, transport, clothing and footwear and health costs, the country's statistics office said. In monthly terms, the CPI edged down 0.3% in December.
The average CPI inflation in 2013 braked to 0.2% from 1.2% a year ago due to slower growth of food, housing and furnishing charges and falling transport costs.
Food and non-alcoholic beverages prices deflation deepened to 3.8% y/y in December from 3.3% y/y in November. Health prices contracted 1.6% y/y in December after retreating 1.9% y/y in November. Transport charges dropped for a fifth straight month in December falling by 0.6% y/y, after a 0.9% y/y decrease in November. Clothing and footwear costs went down 1.2% y/y in December after recording 0.0% y/y growth the month before, likewise helping push the overall CPI index down.
Alcoholic beverages and tobacco charges rose 6.2% y/y in December, following a 6.4% y/y hike in November.
Bosnia’s average CPI inflation is expected to remain moderate at 1.8% in 2014, reflecting constrained consumer demand and IMF-enforced austerity measures under the country's EUR 390mn deal with the fund.
|Food and beverages||3.6||2.5||1.0||0.4||-1.5||-2.7||-3.3||-3.8|
|Tobacco and alcoholic beverages||8.9||9.9||6.4||6.4||6.2||6.4||6.4||6.2|
|Clothing and footwear||-6.6||-6.2||-2.7||-12.0||-2.4||-2.0||0.0||-1.2|
|Housing, water, electricity, gas and other fuels||3.3||1.6||0.7||1.2||1.2||0.6||0.2||0.0|
|Recreation and culture||0.4||0.7||1.7||1.4||0.7||0.8||0.7||0.7|
|Restaurants and hotels||2.9||0.5||0.6||0.6||0.4||0.3||0.2||0.2|
|Other services and goods||0.3||1.3||0.0||0.0||-0.1||-0.1||0.1||0.1|
|Source: Institute of statistics|
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