Bosniaʼs Serb Republic annual deflation speeds up, retail sales fall in October
Bosniaʼs Serb Republic consumer price index (CPI) fell by an annual 1.9% in October, after decreasing by 1.7% in September, according to the Banja Luka-based Institute of Statistics (RSIS).
In annual terms, prices of alcoholic beverages and tobacco rose 3.4% in October, while prices of clothing and footwear fell 9.6%. The biggest year-on-year drop in consumer prices in October, of 11.5%, was recorded in the transport sector.
On a monthly comparison basis, consumer prices edged up 1% in October, after adding 0.1% in September. In a separate statement, the entityʼs statistical office said that retail sales in Bosniaʼs Serb Republic fell by a real 6.1% year-on-year in October, after rising by an annual 1.4% in September.
On a monthly comparison basis, seasonally-adjusted retail trade turnover decreased by a real 1.2% in October, after adding 4.7% in the prior month. The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.