Bosnia’s Serb Republic CPI declines 1.7% y/y in Feb 2014

By bne IntelliNews March 26, 2014

Bosnia’s Serb Republic CPI decreased by 1.7% y/y in February 2014, improving slightly from a 1.8% y/y drop the month before, the entity’s statistics office said in a statement on March 26. The reading continues to be dragged down by falling food, housing, clothing and footwear, transport, and furnishings costs.

In monthly terms, the CPI edged up 0.2% m/m in February, after inching up 0.1% in January. Compared to the 2013 average, the CPI fell 0.4% in February.

Consumer prices in Bosnia’s smaller entity have been declining since August 2013 reflecting subdued household consumption amid rising unemployment, falling real wages and cash inflows from abroad.

Food and non-alcoholic beverage prices fell for a sixth straight month in February, going down by 4.1% y/y, deteriorating from a 4.0% y/y decline the month before. Clothing and footwear prices declined 7.8% y/y in February, following a 8.8% y/y contraction in January. Furnishing prices deflation deepened to 1.4% y/y in February from 1.2% the month before. Transport prices, likewise, remained in the red, shrinking 1.6% y/y in February after decreasing 0.1% y/y in January. Housing and utilities charges edged down 0.6% y/y in February, recording the same annual drop as in January.

Prices of alcoholic beverages grew 5.6% y/y in February after increasing 5.7% y/y the month before.

The average CPI inflation last year was 0.0%, down from 2.1% in 2012 on falling transport and furnishing charges and slower growth of food prices.

Related Articles

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

World Bank loan aims to revitalise Republika Srpska's little-used railways

The World Bank said it is lending $51.3mn to Bosnia & Herzegovina’s smaller entity, Republika Srpska, ... more

Bosnia’s constitutional court allows policemen to keep their beards

The constitutional court of Bosnia & Herzegovina ruled on November 30 that a regulation obliging border policemen to shave their beards violates their ... more

Dismiss