Inflation Bosnia and Herzegovina 2023
Average inflation: 6.3%
Current Inflation
Inflation is very high at 6.3%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 14.1%. The lowest inflation was in November at 1.7%.
- Highest month
- January: 14.1%
- Lowest month
- November: 1.7%
- Difference
- 12.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 10.9%. The lowest price increase was in Energy with an average of 7.8%.
- Highest increase
- Food: 10.9%
- Lowest increase
- Energy: 7.8%
Historical Context
Current inflation is 2.0% higher than the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 2%
- All-time high (2022)
- 14%
- All-time low (2016)
- -1.6%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -7.7 percentage point.
- Change vs. previous year
- -7.7 percentage points
- Largest monthly swing
- October: -15.3 percentage points
ECB Target
Inflation is 4.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 14.1% | +7.1 |
| February | 12.9% | +4.8 |
| March | 10.3% | +0.1 |
| April | 7.9% | -5.3 |
| May | 6.5% | -7.9 |
| June | 4.9% | -10.9 |
| July | 4.0% | -12.7 |
| August | 4.7% | -12.0 |
| September | 4.1% | -13.2 |
| October | 2.1% | -15.3 |
| November | 1.7% | -14.6 |
| December | 2.2% | -12.5 |
| Average | 6.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.