Bulgaria annual CPI down to 0.5% deflation in November

Bulgaria’s annual consumer price index (CPI) recorded 0.5 per cent deflation in November 2016, down from 0.6 per cent a month earlier, with prices flat on a monthly basis, according to data released by the National Statistical Institute (NSI) on December 12.

It was the sixth time in the past 12 months that the CPI was flat for the month, with two months recording a price increase and four months of negative price growth.

Food prices fell by 0.1 per cent in November and services prices were down 0.1 per cent as well, while non-food prices were flat compared to October. In annual terms, food prices were 0.2 per cent lower than in November 2015, while non-food prices were down 0.6 per cent and services prices shrank by one per cent.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded a decline of 0.1  per cent on a monthly basis, with the annual harmonised CPI staying in deflationary territory for the 40th consecutive month, having shrunk by 0.8 per cent compared to November 2015.

Food and beverage prices were 0.1 per cent up, on an annual basis, while the price of utilities and housing has decreased by 0.1 per cent and transportation costs were 2.9 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

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