By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Will Citizens of BiH enter the new Year with new Price Increases?
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Will Citizens of BiH enter the new Year with new Price Increases?
BUSINESS

Will Citizens of BiH enter the new Year with new Price Increases?

Published: December 26, 2021
Share
SHARE

Despite the unfavorable pandemic situation and the economic crisis, the prices of basic necessities in our country continue to rise. Will we welcome the new year with new price increases and how does this affect the citizens?

According to the Federal Bureau of Statistics, in November consumer prices increased by an average of 1.2% compared to the previous month, while compared to November 2020, the same month this year saw an increase of as much as 5.4%. The average salary of 999 marks, which was paid in the Federation of Bosnia and Herzegovina (FBiH) in October, cannot cover even half of the union’s consumer basket, which amounted to almost 2.200 marks in November.

“It is something that is devastating for this society, especially if we have the fact that salaries are not rising. Having in mind these price increases, we can say that they are even stagnant,” said Adis Keco, head of the expert service of the Federation of Independent Trade Unions of BiH.

Drought and the pandemic crisis are the main causes of rising prices. But, price increases are not a new phenomenon. For ten years now, the phenomenon of creeping price growth has been present in our country, which was not so noticeable in the past, considering that the consumer basket was smaller, the profession emphasized.

“When we are without money, the only category where it can be earned on us is food and medicine, and there are big increases in these groups. In our country, the amount of one average salary goes to food, it is ridiculous. It is not a problem of bad politics but the non-existence of politics,” stressed Marin Bago, president of the Futura Association for the Life Quality Improvement.

“We could do something to reduce transport costs, and that would reduce the price of food products. It is possible or can be expected that the situation will be somewhat better next year if weather conditions and climate change do not spoil things,” saidan economic analyst Zoran Pavlovic.

The continuation of the price increase is not excluded. That is why the Federation of Independent Trade Unions of BiH statedthat it is time to react. They see a way out of this unfavorable situation, among other things, in increasing the minimum wage in the amount of one thousand marks, and they sent this initiative to the Federation Parliament at the end of October. However, the citizens, waiting for the reactions, survive from the first to the first in the month, hoping that next year they will become a priority for the authorities and live in better conditions.

E.Dz.

Source: Federalna

Bosnia Agile Day 2015 – The biggest Agile Event in Region
Stable Supply of Domestic Market in Bosnia and Herzegovina is a Priority
Ocevija, the Place of Last Farriers in Europe
Bosnia among the ​Countries that are most Declining in anti-corruption
Minister Bevanda: Bosnia and Herzegovina is still fiscally stable
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Poor excise Policy in BiH has led to a Growth of the illegal Tobacco Market
Next Article Cardiovascular Surgery in Tuzla: World Methods available to Patients in BiH
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

The OHR stands in Solidarity with all Victims, Survivors and their Families
September 7, 2026
EUFOR and NATO HQ Sarajevo Host Ambassadors’ Roundtable and Renew Embassy Evacuation Arrangements
September 7, 2026
Barbarez selects Players for the upcoming UEFA Nations League Matches
September 7, 2026
BiH FM announced the Withdrawal of the Staff of the BiH Embassy from Serbia
September 7, 2026
The use of Tourist Vouchers begins in Republika Srpska
September 7, 2026
The OSCE reacted over the Broadcast of the Commemoration of the Hague Prisoner Ratko Mladic
September 7, 2026
Increased Number of Voters in Brcko District for the upcoming General Elections
September 7, 2026
This is no longer a Question of Football, but of a Moral Depth
September 7, 2026
Zvizdic Calls Out EU Officials: Your Reactions to Glorification of Criminal Mladic Are Mild and Sterile
September 7, 2026
“Future is the EU” – BiH young people demand their voices are heard
September 7, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?