Bosnia’s Serb Republic CPI inflation remains subdued at 0.3% y/y in May 2013

By bne IntelliNews June 24, 2013

Bosnia’s Serb Republic CPI inflation flattened at 0.3% y/y in May, the same as a month earlier, as rising food and alcoholic beverages prices were offset by falling transport, clothing and footwear and health charges, the entity’s statistics office said.

In monthly terms, CPI edged down 0.1% in May compared with a 1.1% m/m drop in April, while compared to the 2012 average, inflation was 0.2%.

Bosnia’s Serb Republic CPI inflation remains subdued amid weak household and government consumption. The pattern will likely sustain in the coming months, reflecting the IMF-enforced austerity measures and structurally high unemployment.

Alcoholic beverages prices edged up 0.2% m/m in May, lifting the annual increase to 5.9% y/y from 5.5% in April. Food and non-alcoholic beverages prices rose 1.9% y/y in May, the same as the month before.

Clothing and footwear prices shrank 6.8% y/y in May, narrowing from a 7.1% drop in April.  Transport costs remained in negative territory, shrinking 2.5% y/y in May after declining 2.8% in April. 

Related Articles

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Russian Night Wolves defy ban to enter Bosnia

Members of Russia’s nationalistic motorcycle club the Night Wolves entered Bosnia & Herzegovina late on March 20 despite a ban ... more

Pre-election tensions in Bosnia could derail international aid, S&P warns

Increasing political maneuvering ahead of the October 2018 general election in Bosnia & Herzegovina could again derail external financing flows and the country’s solid economic growth, ... more