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November 19 (SeeNews) - Retail prices in Bosnia's Serb Republic rose by 2.4% month-on-month in October and were 4.0% higher than a year earlier, the Serb Republic's Statistics Office said on Monday.
In September, retail prices fell by 0.5% month-on-month and were 2.5% higher on the year.
BOSNIA SERB REPUBLIC OCTOBER RETAIL PRICES (pct change):
NOTES: The cost of living index in the Serb Republic rose by 4.4% on the month in October, after going up by 0.6% in September. The Serb Republic, with a population of 1.5 million, and the Muslim-Croat Federation are the two parts of war-divided Bosnia.
The cost of the consumer basket for a household of four, based on retail prices and including basic foods and drinks, was 515.70 marka ($386/264 euro) in the Serb Republic in October, up from 488.53 marka a month earlier.
The Serb Republic's average net monthly salary rose in September by a real 0.3% month-on-month, reaching 598 marka, according to the latest available data.
Bosnia operates under a currency board system, with the Bosnian marka pegged to the euro at an exchange rate of 1.95583 marka per euro.
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