Bulgaria’s consumer price index (CPI) shrank by 2.2 per cent year-on-year in April, the highest since 2.3 per cent annual deflation was recorded in March 2014, while the monthly data showed a flat CPI, according to data released by the National Statistical Institute (NSI) on May 13.
Food prices fell by 0.1 per cent in April and services prices were 0.7 per cent lower than in March, while non-food prices rose by 0.7 per cent. In annual terms, food prices were 2.7 per cent lower than in April 2015, while non-food prices were down 2.9 per cent and services prices shrank by 1.4 per cent.
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 33rd consecutive month, having shrunk by 2.5 per cent compared to April 2015. This was also the highest value of annual harmonised CPI deflation recorded over that time period.
Food and beverage prices were 2.5 per cent down, on an annual basis, while the price of utilities and housing has decreased by 1.2 per cent and transportation costs were 8.7 per cent lower compared to a year earlier. The three categories account for about 47 per cent of the harmonised CPI basket.