Bosnia’s industrial producer prices turn to growth in August

Bosnia’s industrial producer prices turn to growth in August
By bne IntelliNews October 3, 2017

Industrial producer prices on Bosnia & Herzegovina’s domestic market increased 0.8% y/y in August, after edging down 0.1% y/y in July, data from the country’s statistics office showed on October 3. In monthly terms, the industrial PPI rose 0.4% in August, after dropping 0.4% in July.

Despite falling in June and July, producer prices have been mainly rising this year, indicating that the CPI will also continue moving up. In August, consumer prices rose by 1% y/y.

The manufacturing industry posted a 1.2% y/y growth in August, after falling by 0.3% y/y in July.

Annual producer prices in the mining and quarrying sector increased by 2.1% y/y in August, after going up by 3.1% y/y the month before.

In the electricity, gas, steam and hot water supply sector, PPI dropped by 0.1% y/y in August, after going down 0.3% m/m in July.

Bosnia’s broader industrial producer price index, also including export sales, fell 4.4% y/y in August, after increasing 1.4% y/y in July. In monthly terms, the broader index rose 0.3%.