Monthly inflation in EU was 0.9 per cent in March, -0.4% in Bulgaria

Written by on April 16, 2013 in Bulgaria, Business, Europe, News - No comments

Annual inflation in Bulgaria was 1.6 per cent in March 2013 while monthly inflation was -0.4 per cent, according to figures released on April 16 by European Union statistics agency Eurostat.

The 12-month average rate of inflation in Bulgaria was 2.5 per cent as of March 2013. In March 2012, annual inflation in Bulgaria was 1.7 per cent.

Annual inflation in the euro zone was 1.7 per cent in March 2013, down from 1.8 per cent in February, Eurostat said. A year earlier the rate was 2.7 per cent. Monthly inflation was 1.2 per cent in March 2013.

EU annual inflation was 1.9 per cent in March 2013, down from two per cent in February. A year earlier the rate was 2.9 per cent. Monthly inflation was 0.9 per cent in March 2013.

In March 2013, the lowest annual rates of inflation were observed in Greece (-0.2 per cent), Latvia (0.3 per cent) and Sweden (0.5 per cent), and the highest in Romania (4.4 per cent), Estonia (3.8 per cent) and the Netherlands (3.2 per cent). Compared with February 2013, annual inflation fell in 20 EU member states, remained stable in five and rose in one. The lowest 12-month average rates up to March 2013 were registered in Greece (0.6 per cent), Sweden (0.8 per cent) and Latvia (1.6 per cent), and the highest in Hungary (4.9 per cent), Estonia (4.0 per cent) and Romania (3.9 per cent).

The largest upward impacts to the euro area annual inflation came from electricity (+0.17 percentage points), package holidays (+0.12) and accommodation services (+0.09), while fuels for transport (-0.23), telecommunications (-0.22) and medical and paramedical services (-0.08) had the biggest downward impacts.

(Photo: Evangelos Vlasopoulos/sxc.hu)

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