Bulgaria annual CPI records 0.6% deflation in October

Written by on November 12, 2015 in Bulgaria - Comments Off on Bulgaria annual CPI records 0.6% deflation in October

Bulgaria’s consumer price index (CPI) recorded 0.6 per cent annual deflation in October, despite a 0.2 per cent month-on-month increase in consumer prices, data from the National Statistical Institute (NSI) showed on November 12.

The October annual CPI figure was the highest deflation recorded this year since January, when it reached one per cent.

Food prices fell by 0.3 per cent in October and services prices were 0.1 per cent lower than in September, while non-food prices rose by 1.1 per cent. In annual terms, services prices were up 0.3 per cent compared to October 2014 and food prices were 0.1 per cent higher, while non-food prices were 2.5 per cent lower.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, was 0.2 per cent down on a monthly basis, with the annual harmonised CPI remaining in deflationary territory for the 27th consecutive month, having shrunk by 1.2 per cent compared to October 2014.

Food and beverage prices were 0.5 per cent up, on an annual basis, while the price of utilities and rent has decreased by 0.9 per cent and transportation costs were 8.5 per cent lower compared to a year earlier. The three categories account for half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)

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