Bosnia's CPI inflation drops 0.5% y/y in Sept 2013

By bne IntelliNews October 28, 2013

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
TOTAL 3.1 1.8 0.4 1.0 0.8 -0.2 -0.5
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
Household furnishings 1.5 0.4 0.6 0.5 0.5 0.3 0.1
Health -0.7 -0.7 -2.1 -1.6 -1.8 -1.6 -1.8
Transport 6.9 2.5 -2.4 -0.6 0.1 -2.1 -3.0
Communications 5.3 1.5 0.2 0.2 0.2 0.3 0.3
Recreation and  culture 0.4 0.7 0.8 1.3 1.7 1.4 0.7
Education 0.2 0.8 1.8 1.8 1.8 1.8 1.7
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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