Bosnia’s PPI drops 3.6% y/y in Sept 2013

By bne IntelliNews October 28, 2013

Bosnia’s producer price index (PPI) on the domestic market fell 3.6% y/y in September 2013 after dropping 3.3% y/y the month before, as producer costs declined in all sectors (manufacturing, mining and quarrying and utilities), data from the country’s statistics office showed.

In monthly terms, the PPI edged down 0.3% in September following a 0.2% m/m contraction in August.

Manufacturing producer prices deflation deepened to 3.4% y/y in September from 0.4% y/y a month earlier. The reading was dragged down by falling prices of basic metals, coke and refined petroleum products, tobacco, food, fabricated metal products, wood and wearing apparel.

Prices in the mining and quarrying sector swung into a 0.1% annual drop in September from a 0.5% y/y hike in August due to falling coal and lignite extraction and other mining and quarrying costs.

Utilities' charges contracted 5.3% y/y in September, the same as in the previous month. Producer prices in the water supply, sewerage and waste management sector, likewise, remained in the red, shrinking 0.6% y/y in September, despite narrowing from a 1.4% y/y contraction in August.

Bosnia’s total producer price index, including export sales, rose 3.0% y/y in September after falling 2.4% y/y the month before.

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