Bosnia’s Serb Republic CPI deflation deepens to 1.3% y/y in Oct 2013

By bne IntelliNews November 25, 2013

Bosnia’s Serb Republic CPI deflation deepened to 1.3% y/y in October 2013 from 1.0% y/y a month earlier, on falling food, furnishings, transport and clothing and footwear costs, the entity’s statistics office said.

In monthly terms, the CPI edged up 0.8% m/m in October after recording zero monthly growth in September. Compared to the 2012 average, it was 0.4% lower.

The CPI decline since August reflects subdued household consumption amid rising unemployment and falling real wages and cash inflows from abroad.

Food and non-alcoholic beverage prices declined 2.9% y/y in October for a second straight month after dropping 1.3% y/y in September. Clothing and footwear prices deflation narrowed to 7.8% y/y in October from 9.1% y/y the month before. Transport prices remained in the red, shrinking 1.8% y/y in October after retreating 3.1% y/y in September. Furnishing charges inched down 0.3% y/y in October after a 0.2% y/y decline the month before.

Prices of alcoholic beverages continued increasing, recording the strongest annual growth of 5.0% in October, the same as in September.

Bosnia’s Serb Republic average inflation slowed to 2.1% last year from 3.9% in 2011, mainly due to slower increase of food and transport prices.

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