Bulgaria annual deflation down to 0.4% in November

Bulgaria’s consumer price index (CPI) recorded 0.4 per cent annual deflation in November, while also declining by 0.1 per cent month-on-month, data from the National Statistical Institute (NSI) showed on December 14.

This was the fifth time this year that the annual CPI figure was in deflation territory, the same number of months that showed price increases, with the annual figure flat in August.

Food prices fell by 0.1 per cent in November and services prices were 0.3 per cent higher than in October, while non-food prices were unchanged. In annual terms, food prices were 0.1 per cent higher compared to November 2014, while non-food prices were 1.8 per cent lower and services prices were flat.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, was 0.3 per cent down on a monthly basis, with the annual harmonised CPI remaining in deflation territory for the 28th consecutive month, having shrunk by 0.9 per cent compared to November 2014.

Food and beverage prices were 0.6 per cent up, on an annual basis, while the price of utilities and rent has decreased by 1.5 per cent and transportation costs were 7.5 per cent lower compared to a year earlier. The three categories account for half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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