Bulgaria annual CPI records 2.5% inflation in October

Bulgaria’s annual consumer price index (CPI) recorded 2.5 per cent inflation in October, after monthly figures showed 0.6 per cent inflation, according to data released by the National Statistical Institute (NSI) on November 14.

The annual CPI inflation figure hit a six-month high, while, in monthly terms, it was the fourth month in a row and the seventh time in the past 12 months that consumer prices recorded an increase.

Food prices were flat compared to September, while non-food prices rose by 1.5 per cent and services prices were 0.6 per cent higher. Compared to October 2016, food prices were 3.9 per cent higher, while non-food and services prices rose by 1.5 per cent and 1.8 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded 0.1 per cent inflation in October, while the annual harmonised CPI was up 1.5 per cent – the 10th consecutive month it recorded inflation after 41 months in deflationary territory.

Food and beverage prices were 3.7 per cent up, on an annual basis, while the price of utilities and housing increased by 3.9 per cent and transportation costs were 0.1 per cent lower compared to a year earlier. The three categories account for about 48 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