Bulgaria monthly, annual CPI flat in January

Bulgaria’s consumer price index (CPI) was unchanged both in monthly and annual terms in January 2016, data from the National Statistical Institute (NSI) showed on February 15.

It was the second month in a row, and the third time over the past six months that the monthly CPI was flat.

Food prices rose by 0.8 per cent in January and non-food prices fell by 0.8 per cent compared to December 2015, while services prices were flat. In annual terms, food prices were up 0.5 per cent compared to January 2015, while services prices were 0.7 per cent down and non-food prices were 0.1 per cent lower.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, was 0.1 per cent down on a monthly basis, while the annual harmonised CPI remained in deflation territory for the 30th consecutive month, having shrunk by 0.3 per cent compared to January 2015.

Food and beverage prices were 0.8 per cent up, on an annual basis, and the price of utilities and rent has decreased by 1.4 per cent, while transportation costs were 3.2 per cent lower compared to a year earlier. The three categories account for just under half of the harmonised consumer price index.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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