INFLATION RATE IN BOSNIA REACHES 9.6 PERCENT IN JUNE

SARAJEVO, Bosnia (July 25,2008) - In the first six months of the year Bosnia’s exports amounted to 3.349 billion Bosnian Marks, which was by 17 per cent more compared to the same period of 2007. However, with the imports worth 7.977 billion Bosnian Marks (growth of 23.9 per cent), the country’ trade deficit increased to 4.628 billion Bosnian Marks, the Bosnian Statistics Agency announced yesterday. The export/import ratio in this period was 42 per cent.

According to the same source, it is too early yet to forecast how high the trade deficit would be by the end of this year, especially as effects of the SAA signing and the Interim Agreement on Trade and Trade-related Matters are still expected.

In June, the prices of products and services for personal consumption were up by 0.9 per cent in a month and the annual inflation rate was 9.6 per cent. Since the beginning of the year, the prices of food in Bosnia went up by average 7.75 per cent.
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