Bulgarian inflation at 4.2% in 2012

Bulgaria’s annual consumer price inflation was 4.2 per cent in 2012, overshooting the 2.8 per cent target set in the country’s Budget, data from the National Statistical Institute (NSI) showed on January 14.

In 2011, Bulgarian inflation was 2.8 per cent.

Monthly inflation in December was 0.4 per cent. Food prices were up by 0.9 per cent and service prices rose by 0.5 per cent, while non-food prices were 0.3 per cent lower on the month.

For the full year, food prices inflation was 5.2 per cent and services were six per cent more expensive. Non-food prices rose by 1.5 per cent in 2012, NSI data showed.

The harmonised consumer price index, calculated by the statistics board for comparison with European Union data, rose by 0.3 per cent in October. On an annual basis, harmonised inflation was 2.8 per cent.

The bulk of rise, in annual terms, came from the 4.6 per cent increase in the price of foods and beverages, 3.5 per cent increase in transportation costs and 9.4 per cent increase in the price of utilities. The three categories account for just over half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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