Bosnia's CPI inflation declines 0.9% y/y in Oct 2013

By bne IntelliNews November 27, 2013

Bosnia's consumer price index (CPI) fell 0.9% y/y in October 2013 after declining 0.5% y/y the month before on falling food, clothing and footwear, transport and health costs, the country's statistics office said. In monthly terms, the CPI edged up 0.3% in October after recording 0.0% m/m growth in September. The 12-month average inflation ending October slowed to 0.4% from 0.7% a month earlier.

Food and non-alcoholic beverages prices deflation deepened to 2.7% y/y in October from 1.5% y/y in September. Clothing and footwear prices fell 2.0% in October after a 2.4% y/y drop in September. Health prices contracted 2.0% y/y in October after retreating 1.8% y/y in September. Transport charges shrank 2.0% y/y in October for a third straight month after declining 3.0% in September likewise pushing the overall index down.

Alcoholic beverages and tobacco charges rose 6.4% y/y in October quickening from a 6.2% y/y growth in September.

Bosnia’s CPI inflation averaged 2.1% in 2012, down from 3.7% the year before due to slower food and transport prices growth. It is expected to remain moderate at 1.8% in 2013, reflecting subdued private consumption and IMF-enforced austerity measures under the country's EUR 390mn deal with the fund.

  Dec-11 Dec -12 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13
TOTAL 3.1 1.8 0.4 1.0 0.8 -0.2 -0.5 -0.9
Food and beverages 3.6 2.5 1.3 2.1 1.0 0.4 -1.5 -2.7
Tobacco and alcoholic beverages  8.9 9.9 6.5 6.5 6.4 6.4 6.2 6.4
Clothing and footwear -6.6 -6.2 -3.1 -2.8 -2.7 -12.0 -2.4 -2.0
Housing, water, electricity, gas and other fuels 3.3 1.6 0.6 0.6 0.7 1.2 1.2 0.6
Household furnishings 1.5 0.4 0.6 0.5 0.5 0.3 0.1 -0.3
Health -0.7 -0.7 -2.1 -1.6 -1.8 -1.6 -1.8 -2.0
Transport 6.9 2.5 -2.4 -0.6 0.1 -2.1 -3.0 -2.0
Communications 5.3 1.5 0.2 0.2 0.2 0.3 0.3 0.3
Recreation and  culture 0.4 0.7 0.8 1.3 1.7 1.4 0.7 0.8
Education 0.2 0.8 1.8 1.8 1.8 1.8 1.7 0.8
Restaurants and hotels 2.9 0.5 0.5 0.6 0.6 0.6 0.4 0.3
Other services and goods 0.3 1.3 0.2 0.1 0.0 0.0 -0.1 -0.1
Source: Institute of statistics                
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