Bulgaria annual CPI records 1.8% inflation in January

Bulgaria’s annual consumer price index (CPI) recorded 1.8 per cent inflation in January, down one percentage point compared to a month earlier, with prices up 0.3 per cent on a monthly basis, according to data released by the National Statistical Institute (NSI) on February 15.

In monthly terms, it was the seventh month in a row of CPI growth and the eighth time in the past 12 months that consumer prices recorded an increase.

Food prices were 0.7 per cent higher compared to December 2017 and services prices rose by 0.4 per cent, while non-food prices were down 0.3 per cent. Compared to January 2017, food prices were 0.9 per cent higher, while non-food and services prices rose by 1.2 per cent and 3.2 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded an increase of 0.2 per cent on a monthly basis, while the annual harmonised CPI in January was up 1.3 per cent.

Food and beverage prices were 0.8 per cent up, on an annual basis, while the price of utilities and housing has increased by 4.5 per cent and transportation costs were 0.7 per cent higher compared to a year earlier. The three categories account for about 49.7 per cent of the harmonised CPI basket.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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