Bulgaria reports deflation of 1.6% year-on-year in September 2013 – National Statistical Institute

Bulgaria saw deflation on annual basis of 1.6 per cent in September 2013, with deflation from December 2012 to September coming in at 2.1 per cent, according to figures released by the National Statistical Institute on October 14.

The annual figure to September 2013 was the lowest consumer price index figure for 14 years.

However, according to the consumer price index, monthly inflation was 0.1 per cent from August to September 2013.

Annual average inflation, measured by CPI, in the months from October 2012 to September 2013 was 2.3 per cent.

Calculated on the basis of the Harmonised Index of Consumer Prices (HICP), monthly inflation in September 2013 was -0.3 per cent.

On the basis of the HICP, inflation since the beginning of the year – September 2013 compared to December 2012 – was -1.3 per cent and annual inflation in September 2013 was -1.3 per cent.

The annual average inflation, measured by HICP, in the past 12 months (October 2012 – September 2013) compared to the previous 12 months (October 2011 – September 2012) was 1.3 per cent, the NSI said.




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