Bulgaria reports annual deflation of 1.4% in October

Bulgaria’s consumer price index grew by 0.5 per cent in October, but shrank by 1.4 per cent in annual terms, data from the National Statistical Institute (NSI) showed on November 13.

Food prices were 0.9 per cent higher than in September, while non-food prices rose by 0.4 per cent and services prices increased by 0.1 per cent, NSI said.

In annual terms, food prices were 0.3 per cent lower than at the end of October 2012. Services were 4.7 per cent cheaper – thanks to two electricity price cuts earlier this year– while non-food prices fell by 1.1 per cent over the past 12 months, NSI data showed.

The harmonised consumer price index (CPI), calculated by the statistics board for comparison with European Union data, rose by 0.2 per cent in October. On an annual basis, the harmonised CPI recorded 1.1 per cent deflation.

Food and beverages were 0.4 per cent cheaper, on an annual basis, while transportation costs were down 0.2 per cent over the previous 12 months; the price of utilities and rent has fallen by 6.6 per cent. 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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