Bulgaria annual CPI records 1.5% deflation in March 2016

Written by on April 12, 2016 in Bulgaria - Comments Off on Bulgaria annual CPI records 1.5% deflation in March 2016

Bulgaria’s consumer price index (CPI) recorded 1.5 per cent per cent annual deflation in March 2016, while the monthly data showed CPI shrinking by 0.7 per cent, according to figures released by the National Statistical Institute (NSI) on April 12.

The annual average inflation, measured by CPI, in the last 12 months (April 2015 – March 2016) compared to the previous 12 months (April 2014 – March 2015) was -0.2 per cent, the NSI said.

The NSI said that inflation since the beginning of the year, meaning March 2016 compared to December 2015, was -1 per cent.

The Harmonized Index of Consumer Prices (HICP) in March 2016 compared to February 2016 showed monthly deflation of 0.6 per cent. HICP is the comparable measure of inflation across EU member states.

The inflation rate since the beginning of the year (March 2016 compared to December 2015) was -1.3 per cent and the annual inflation in March 2016 compared to March 2015 was -1.9 per cent, the NSI said.

Annual average inflation, measured by HICP, in the last 12 months (April 2015 – March 2016) compared to the previous 12 months (April 2014 – March 2015) was -0.9 per cent, the NSI said.

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