Bulgaria reports annual deflation of 1.5% in November

Written by on December 13, 2013 in Business - No comments

Bulgaria’s consumer price index shrank by 0.2 per cent in November, with year-on-year figure showing 1.5 per cent deflation, data from the National Statistical Institute (NSI) showed on December 13.

Food prices were 0.6 per cent lower than in October, while non-food prices and services prices were flat, NSI said.

In annual terms, food prices were 0.8 per cent lower than at the end of November 2012. Services were 4.8 per cent cheaper – thanks to two electricity price cuts earlier this year – and non-food prices fell by 1.1 per cent over the past 12 months, NSI data showed.

The harmonised consumer price index (CPI), calculated by the statistics board for comparison with European Union data, shrank by 0.1 per cent in November. On an annual basis, the harmonised CPI recorded 1.3 per cent deflation.

Food and beverages were 0.9 per cent cheaper, on an annual basis, while transportation costs were down 0.5 per cent over the previous 12 months; the price of utilities and rent has fallen by 6.6 per cent. 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!