Bosnias annual inflation reaches 2.1% in 2010.

By bne IntelliNews January 26, 2011
Bosnias consumer prices increased by 2.1% y/y on average in 2010, compared to an average annual deflation of 0.4% in 2009, statistics office data showed. The highest increase was registered in the transport prices that grew by an average of 7.1% in 2010, after falling by 9.9% a year earlier. Moreover, the food prices lowered their decline by 0.2pps y/y to 0.7% y/y. In December alone, the consumer prices rose by 3.1% y/y, speeding up from 2.3% in November. The food prices had the strongest impact on the faster growth, as they speeded up their rise by 1.8pps m/m to 3.9% y/y. In monthly comparison, the consumer prices increased by 0.8% in December, following the 0.3% m/m rise in November. We note that the statistics office of Bosnias Serb Republic announced an inflation of 3.1% y/y in December, (from 2.4% y/y in November), while the consumer prices in the Muslim-Croat Federation accelerated their expansion by 0.8pps to 3.1% y/y. Intellinews comment: We believe that the consumer prices growth evident in 2010 was caused by external factors (dynamics of crude oil prices at the global markets) rather than by rising domestic demand. The latter, however, might be expected to revive in 2011, supported by recovering economy and lending growth. Thus, some inflation acceleration might be evident in 2011. Still, we do not expect it to surpass the moderate levels.
 CPI inflation, %, y/y
weight Dec-08 Dec-09 2009/2008 Nov-10 Dec-10 Jan-Dec
TOTAL 100.0 3.8 0.0 -0.4 2.3 3.1 2.1
Food 32.9 6.0 -3.1 -0.9 2.1 3.9 -0.7
Tobacco and beverages 3.1 1.5 17.3 9.8 12.2 11.9 20.2
Clothing and footwear 3.9 -2.9 -4.3 -3.9 -5.5 -5.7 -4.6
Housing 26.5 8.6 1.5 3.9 2.4 2.5 3.1
Household furnishings 6.0 2.7 -0.8 0.8 0.9 1.0 0.1
Health 3.4 0.4 2.0 0.8 0.8 0.3 1.8
Transport 8.9 -2.6 1.4 -9.9 4.2 5.4 7.1
Communications 2.6 5.9 -0.2 1.5 7.0 6.9 6.9
Culture and leisure 3.6 5.4 1.5 3.2 0.6 0.6 0.7
Education 0.9 -0.5 0.5 -0.2 2.3 2.2 2.6
Restaurants and hotels 2.5 7.2 2.2 4.9 0.7 0.6 1.1
Other services and goods 5.5 3.8 1.0 2.3 0.5 0.6 0.7
Source: Agency for Statistics of BiH
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss