Bulgarian annual inflation at 4.4 per cent in October

Written by on November 13, 2012 in Bulgaria, Business, News - No comments

Bulgaria’s year-on-year consumer price inflation was 4.4 per cent in October, receding from a 12-month high in September, when it was 4.9 per cent, data from the National Statistical Institute showed on November 13.

The decline breaks a three-month streak of inflationary growth, which followed a sharp spike in electricity prices in July. Over that period, annual inflation tripled, compared to 1.6 per cent at the end of June.

Monthly inflation in October was 0.3 per cent. Food prices were up by 0.3 per cent, while non-food and services prices were 0.2 per cent higher.

Cumulative inflation for the first 10 months of the year was four per cent, NSI said.

The harmonised consumer price index, calculated by the statistics board for comparison with European Union data, shrank by 0.1 per cent in October. On an annual basis, harmonised inflation was three per cent; cumulative inflation for the year so far was 2.7 per cent.

(Photo: svilen001/sxc.hu)

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