Bosnia's consumer price index (CPI) fell 0.5% y/y in September following a 0.2% y/y decline the month before on falling food, clothing and footwear and health costs, the country's statistics office said. In monthly terms, the CPI recorded 0.0% growth in September after edging down 0.3% m/m in August. The 12-month average inflation ending September slowed to 0.7% from 1.0% a month earlier.
Food and non-alcoholic beverages prices swung to a 1.5% y/y drop in September from 0.4% y/y increase in August. Clothing and footwear prices deflation narrowed to 2.4% y/y in September from 12.0% the month before. Health prices contracted 1.8% y/y in September after dropping 1.6% in August. Transport charges shrank 3.0% y/y in September for a second straight month after declining 2.1% in August likewise pushing the overall index down.
Alcoholic beverages and tobacco charges continued increasing, rising 6.2% y/y in September, despite easing from a 6.4% y/y increase in August.
Bosnia’s CPI inflation averaged 2.1% in 2012, down from 3.7% the year before due to slower food and transport prices growth. It is expected to remain moderate at 1.8% in 2013, reflecting subdued private consumption and IMF-enforced austerity measures under the country's EUR 390mn deal with the fund.
|Bosnia's CPI inflation, y/y,%||Dec-11||Dec -12||May-13||Jun-13||Jul-13||Aug-13||Sep-13|
|Food and beverages||3.6||2.5||1.3||2.1||1.0||0.4||-1.5|
|Tobacco and alcoholic beverages||8.9||9.9||6.5||6.5||6.4||6.4||6.2|
|Clothing and footwear||-6.6||-6.2||-3.1||-2.8||-2.7||-12.0||-2.4|
|Housing, water, electricity, gas and other fuels||3.3||1.6||0.6||0.6||0.7||1.2||1.2|
|Recreation and culture||0.4||0.7||0.8||1.3||1.7||1.4||0.7|
|Restaurants and hotels||2.9||0.5||0.5||0.6||0.6||0.6||0.4|
|Other services and goods||0.3||1.3||0.2||0.1||0.0||0.0||-0.1|
|Source: Institute of statistics|
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