Bulgaria annual deflation speeds up to 0.6% in November

Written by on December 15, 2014 in Business - Comments Off on Bulgaria annual deflation speeds up to 0.6% in November

Bulgaria’s consumer price index (CPI) shrank by 0.4 per cent in November, pushing the annual deflation figure at the end of the month up to 0.6 per cent, data from the National Statistical Institute (NSI) showed on December 15.

The decline comes after the CPI posted an increase of 0.9 per cent in October, a two-year high, on the back of prices 2.1 per cent monthly increase in the price of services. In November, service prices were flat, with food prices going down 0.4 per cent and non-food prices decreasing by 0.8 per cent.

In annual terms, food prices were 0.1 per cent lower than in November 2013 and non-food prices were 2.3 per cent down, while services were 0.5 per cent more expensive.

The harmonised CPI figure, calculated by the statistics board for comparison with European Union data, fell by 0.5 per cent in November. On an annual basis, the harmonised CPI was 1.9 per cent lower than in November 2013.

Food and beverages were 0.2 per cent cheaper, on an annual basis, and transportation costs were down 7.8 per cent over the previous 12 months, while the price of utilities and rent has increased by 4.6 per cent. The three categories account for just over half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)

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