Annual inflation rate in Bosnia and Herzegovina edged up to 0.5 percent in July of 2019 from 0.3 percent in the previous month. Cost advanced faster for food & non-alcoholic beverages (1.2 percent vs 1.1 percent in June); housing & utilities (3.2 percent vs 2.7 percent); transport (0.1 percent from a flat reading); restaurants & hotels (0.7 percent vs 0.6 percent) and alcoholic beverages & tobacco (6.0 percent vs 3.8 percent). On the other hand, prices went up at a softer pace for recreation & culture (0.7 percent vs 1.6 percent) and health (0.7 percent vs 1.2 percent) while furniture & household equipment cost continued to fall (-0.7 percent vs -0.6 percent). On a monthly basis, consumer prices dropped 0.6 percent, after decreasing 0.5 percent in the previous month. Inflation Rate in Bosnia and Herzegovina averaged 1.66 percent from 2006 until 2019, reaching an all time high of 9.90 percent in July of 2008 and a record low of -1.90 percent in June of 2009.
Inflation Rate in Bosnia and Herzegovina is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Bosnia and Herzegovina to stand at 1.60 in 12 months time. In the long-term, the Bosnia and Herzegovina Inflation Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.