CBBH publishes its estimates on core inflation and the services sector inflation for October 2025

Based on the available, official statistics for consumer price indices in BH, and the corresponding weights, the Central Bank of Bosnia and Herzegovina (CBBH) has estimated (LINK) the annual core inflation at 4.32% for the first ten months of 2025. The annual growth of average consumer prices in the service sector is estimated at 4.83%. The CBBH estimate of core inflation, based on official statistical data, is only 6 bp below our estimate of core inflation from the September nowcast round.

According to official statistical data, in October, compared to September, inflationary pressures slightly strengthened in the price sections that enter into the calculation of core inflation. As a result, the levels of annual core inflation and the service sector inflation, for the first ten months, are not significantly different from the levels for the first nine months (Graph 1).

Graph 1: Inflation in BH, period to period

Source: BHAS, CBBH