Bosnia’s Serb Republic CPI deflation deepens to 1.3% y/y in Oct 2013

By bne IntelliNews November 25, 2013

Bosnia’s Serb Republic CPI deflation deepened to 1.3% y/y in October 2013 from 1.0% y/y a month earlier, on falling food, furnishings, transport and clothing and footwear costs, the entity’s statistics office said.

In monthly terms, the CPI edged up 0.8% m/m in October after recording zero monthly growth in September. Compared to the 2012 average, it was 0.4% lower.

The CPI decline since August reflects subdued household consumption amid rising unemployment and falling real wages and cash inflows from abroad.

Food and non-alcoholic beverage prices declined 2.9% y/y in October for a second straight month after dropping 1.3% y/y in September. Clothing and footwear prices deflation narrowed to 7.8% y/y in October from 9.1% y/y the month before. Transport prices remained in the red, shrinking 1.8% y/y in October after retreating 3.1% y/y in September. Furnishing charges inched down 0.3% y/y in October after a 0.2% y/y decline the month before.

Prices of alcoholic beverages continued increasing, recording the strongest annual growth of 5.0% in October, the same as in September.

Bosnia’s Serb Republic average inflation slowed to 2.1% last year from 3.9% in 2011, mainly due to slower increase of food and transport prices.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Ukraine’s strategy of hitting Russian oil refineries is working
    8 days ago
  2. US Secretary of State Blinken says Ukraine free to use US-made weapons to strike Russia
    3 days ago
  3. EBRD2024: EBRD expects Emerging Europe growth boost in 2024, but slightly lowers forecast
    3 days ago
  4. Transit fee rivals Russia, Kazakhstan “happy” China-Kyrgyzstan-Uzbekistan railway not progressing
    5 days ago
  5. Russia's nuclear diplomacy binding emerging markets to the Kremlin
    4 days ago
  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    1 month ago
  2. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    16 days ago
  3. The models are wrong, climate change is accelerating faster than predicted
    23 days ago
  4. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    1 month ago
  5. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    2 months ago

Reports

Dismiss