Bosnia’s Federation CPI inflation unchanged at 0.3% y/y in March 2013

By bne IntelliNews April 17, 2013

Bosnia’s Federation CPI inflation edged up 0.3% in March 2013, the same as a month earlier, as falling clothing and footwear and transport prices helped offset higher alcoholic beverages and education costs and a milder food and housing price growth,  data from the statistics office showed. Bosnia’s Federation CPI inflation remains well anchored given the normal pattern of local demand for key price growth movers like food and housing. The trend will likely sustain in the near-to-medium term reflecting subdued household consumption and fiscal consolidation measures implemented under Bosnia's USD 521mn loan deal with the IMF.

The CPI rose just 0.1% m/m, compared to 0.0% in February. The 12-month average inflation ending in March was 1.6%.

Bosnia’s Federation annual inflation remains mainly driven by rising alcoholic beverages and tobacco prices, which climbed 6.8% y/y in March, slightly up from 6.7% the month before. Food prices ticked up 1.2% y/y, also slightly down from 1.3% a month earlier.

Clothing and footwear prices remained in the red, shrinking 13.2% y/y in March following a 15.9% drop a month earlier. Health prices likewise fell 4.6% y/y. Transport prices dropped 0.5% y/y in March compared with 0.2% growth the month before. 

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