Page 38 - SE Outlook Regions 2023

the CPI increased 0.2% in November, after moving up 2.1% a month
earlier.

Consumer prices in the country increased the most in the following
sectors: food and beverages (+24.5% y/y), transport (+23.8% y/y) and
housing (+19.1% y/y). The clothing sector was the only one to post a
decline in November, by 7.1% y/y. In the first eleven months of 2022
Bosnia posted annual inflation of 14%.

2.2.4 Industrial production

Bosnia’s industry is expected to pick up further in 2023, continuing the
positive trend from 2022. According to Directorate for Economic
Planning (DEP) projections, industrial production should expand by
6.1% in 2023 from an estimated 4.8% in 2022. In 2024, its growth
should slow down to 5.8% before picking up again in 2025, to 6.3%.

The DEP has noted that industry will play a key role in Bosnia’s
economic development in 2023. Reforms would attract more investors
that would contribute to higher growth of the industry.

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