Bulgaria annual deflation up to 0.8% in September

Written by on October 14, 2014 in Business - Comments Off on Bulgaria annual deflation up to 0.8% in September

Bulgaria’s consumer price index (CPI) posted another month of deflation, shrinking by 0.2 per cent in September, which pushed the annual deflation figure at the end of the month up to 0.8 per cent, data from the National Statistical Institute (NSI) showed on October 14.

This was the seventh month this year with negative price growth, led by services prices that fell by 1.5 per cent, while non-food prices were down 0.1 per cent. Food prices were 0.9 per cent higher than in August.

In annual terms, food prices were just 0.1 per cent lower than in September 2013, while non-food prices were 2.3 per cent down and services were 2.2 per cent cheaper.

The harmonised CPI figure, calculated by the statistics board for comparison with European Union data, fell by 0.7 per cent in September. On an annual basis, the harmonised CPI was 1.9 per cent lower than in September 2013, nearly doubling compared to August 2014, when the figure showed one per cent deflation.

Food and beverages were 0.2 per cent cheaper, on an annual basis, while the price of utilities and rent has fallen by 0.2 per cent and transportation costs were down 3.5 per cent over the previous 12 months. The three categories account for just over half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)

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