Bosnia’s Federation consumer prices drop 1.2% y/y in Oct 2013

By bne IntelliNews November 18, 2013

Bosnia’s Federation consumer price deflation deepened to 1.2% y/y in October 2013 from a 0.9% y/y in September as falling food, clothing and footwear, transport and health costs offset rising alcoholic beverage and housing charges, the entity’s statistics office said.

The annual CPI inflation has been retreating since August 2013, reflecting subdued household consumption amid rising unemployment and falling real wages and cash inflows from abroad.

In monthly terms, the CPI edged down 0.2% in October after increasing 0.1% in September. The CPI index fell 0.9% compared to the 2012 average.

Food and beverages price deflation deepened to 2.6% y/y in October from 1.7% y/y the month before. Transport costs, likewise, remained in the red, shrinking 2.5% y/y in October despite narrowing from a 3.2% y/y contraction in September. Clothing and footwear prices fell 7.4% y/y in October after declining 10.6% y/y in the month before. Health charges retreated 4.7% y/y in October following a 4.4% y/y decline in September.

Alcoholic beverages and tobacco costs recorded the steepest annual increase in October, rising by 7.1% y/y, the same as the previous month.

Bosnia’s Federation annual consumer price inflation retreated to 1.6% at end-2012 from 2.9% the year before due mainly to falling clothing and health charges.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

RBI issues €650mn of AT1 hybrid securities

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, has issued €650mn of perpetual additional Tier 1 capital (AT1). ATI ... more

Bosnia misses out on second tranche of IMF funding and must renegotiate a deal

Bosnia & Herzegovina reportedly has lost its chances to receive a new tranche from the International Monetary Fund (IMF) ... more

Dismiss