Bosnia’s inflation rate hits record high in August

Image from Shutterstock.com

Consumer prices in Bosnia and Herzegovina rose 16.8% year-on-year in August, following a 16.7% year-on-year rise in July, according to data released Monday by the Statistics Agency of Bosnia and Herzegovina ( BHAS).

Prices continued to rise faster for housing, water, electricity and other household fuels (17.4% vs. 15.4% in July), food and non-alcoholic beverages (25. 6% versus 24.7%), furniture and household maintenance (11% versus 10.4%), and restaurants and hotels (11.7% versus 10.8%).

While remaining high, transport prices slowed (28.4% against 34.2%). On a comparative monthly basis, consumer prices rose 0.3% in August, after rising 0.7% in July. In a separate report, the Sarajevo-based agency said the number of registered unemployed in Bosnia fell 8.5% year-on-year in July, to 361,774.

On a monthly basis, the number of registered unemployed increased by 0.6% in July. Meanwhile, in a report on Monday, the Banja Luka-based Republic of Srpska statistics office, RSIS, said retail sales in the entity grew by an actual 10.4 percent on the year in August, after rising 7.9% in July.

On a monthly basis, retail trade turnover rose 1.2% in August, after a revised decline of 0.8% in July. The Serbian Republic is one of the two autonomous entities that form Bosnia and Herzegovina. The Federation is the other.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing decent journalism is an expensive business. For 27 years, the editors, editors and reporters of Budapest Business Journal have strived to bring you business news that works, information you can trust, that is factual, accurate and presented without fear or favour.

News organizations around the world are struggling to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of ​​involving their most important stakeholders, their readers.

We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support the BBJ button and you’ll be able to choose how much and how often you send us your contributions.

About Eleanor Blackburn

Check Also

Russia exposes Germany’s weakness | Washington Examiner

gGermany has given up any aspiration to a leadership role in Europe. Its inadequate response …