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

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

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss