Bulgaria annual CPI records 1.3% deflation in June

Bulgaria’s consumer price index (CPI) shrank by 1.3 per cent year-on-year in June 2016, while the monthly data showed a 0.1 per cent decline, according to data released by the National Statistical Institute (NSI) on July 12.

June was the eighth consecutive month of negative or flat monthly growth for Bulgaria’s consumer price index. Over the past 12 months, the monthly CPI recorded growth only once, in October 2015.

Food prices fell by 1.1 per cent in June and non-food prices were 0.5 per cent higher than in May, while services prices rose by 0.2 per cent. In annual terms, food prices were 0.7 per cent lower than in June 2015, while non-food prices were down 2.2 per cent and services prices shrank by 1.5 per cent.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded a 0.1 per cent increase on a monthly basis, but the annual harmonised CPI remained in deflationary territory for the 35th consecutive month, having shrunk by 1.9 per cent compared to June 2015.

Food and beverage prices were 0.1 per cent down, on an annual basis, while the price of utilities and housing has decreased by one per cent and transportation costs were 8.7 per cent lower compared to a year earlier. The three categories account for about 47 per cent of the harmonised CPI basket.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. Sign up to subscribe to sofiaglobe.com's daily bulletin through the form on our homepage. https://www.patreon.com/user?u=32709292