Bulgaria annual CPI records 3% inflation in January

Bulgaria’s annual consumer price index (CPI) recorded three per cent inflation in January, up from 2.7 per cent a month earlier, with prices rising 0.5 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 ninth month with CPI increase in the previous 12 months, which also recorded one month of zero growth and two months in which consumer prices shrank.

Food prices were 1.6 per cent higher compared to December 2018 and services prices rose by 1.2 per cent, while non-food prices were down one per cent. Compared to January 2018, food prices were 3.5 per cent higher, while non-food and services prices rose by 0.5 per cent and 5.1 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded zero growth on a monthly basis, while the annual harmonised CPI in January was up 2.2 per cent.

Food and beverage prices were 3.3 per cent up, on an annual basis, while the price of utilities and housing has increased by 4.7 per cent and transportation costs were 2.7 per cent lower compared to a year earlier. The three categories account for about 48.5 per cent of the harmonised CPI basket.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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