Bosnia’s inflation rate hits record high in August

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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.


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