Bulgarian annual inflation down to 3.6% in February

Written by on March 13, 2013 in Bulgaria, Business, News - No comments

Bulgaria’s annual consumer price inflation fell to 3.6 per cent in February, breaking a three-month upward trend, data from the National Statistical Institute (NSI) showed on March 13.

Monthly inflation in February was 0.1 per cent. Food prices were down by 0.1 per cent and non-food prices rose by 0.2 per cent, while services prices were flat on the month.

In terms of annual inflation, food prices were five per cent higher than at the end of February 2012 and services were 5.4 per cent more expensive. Non-food prices rose by only 0.1 per cent in that time, NSI data showed.

The harmonised consumer price index, calculated by the statistics board for comparison with European Union data, rose by 0.2 per cent in February. On an annual basis, harmonised inflation was 2.2 per cent.

The bulk of rise, in annual terms, came from the 4.8 per cent increase in the price of foods and beverages, 1.2 per cent increase in transportation costs and 8.2 per cent increase in the price of utilities and rent. The three categories account for just over half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)

Comments

comments

About the Author

The Sofia Globe - Bulgaria’s fully independent English-language news and features website, run by an all-expatriate team. Sign up to subscribe to sofiaglobe.com's daily bulletin by using the form on the homepage of our website. Please click to support our advertisers!