Consumer prices in Bosnia & Herzegovina increased by 16.8% year on year in August, slightly accelerating from a 16.7% y/y increase in July, the country’s statistics office reported (chart).
In monthly terms, the CPI increased 0.3% in August, after moving up 0.7% a month earlier.
Consumer prices in the country increased the most in the following sectors: transport (+28.4% y/y), food and non-alcoholic drinks (+25.6% y/y), housing (+17.4% y/y), restaurants and hotels (+11.7% y/y) , furnishing and household equipment (+11% y/y) and recreation and culture (+9.4% y/y).
The clothing sector was the only one to post a decline in August, by 4.1% y/y.
In the first eight months of 2022 Bosnia posted annual inflation of 12.8%.
The economy is expected to grow below 1% in 2023, as high inflation, exceeding nominal wage growth, as well as restrictive monetary policy, radically reduces domestic demand.
The figures are disappointing news for Viktor Orban's government, which has for long deemed halting depopulation a priority.
Slovenia's retail sales went up by an annual 2.8% in December 2022, slowing significantly from the 7.4% y/y increase a month before.
65% of Serbians believe the reforms needed for EU accession should be carried out, but just 43% actually want Serbia to join the bloc, a new survey shows.
Russia’s residents believe the Baltic states are a threat to Russia, the Levada Centre survey commissioned by the Estonian Foreign Ministry has found, LRT.lt, the website of public broadcaster LRT, reported on January 25.