Bulgaria annual CPI records 3.2% inflation in February

Written by on March 13, 2019 in Bulgaria - Comments Off on Bulgaria annual CPI records 3.2% inflation in February

Bulgaria’s annual consumer price index (CPI) recorded 3.2 per cent inflation in February, up from three 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 March 13.

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 January and non-food prices rose by 0.2 per cent, while services prices were down 0.5 per cent. Compared to February 2018, food prices were 4.9 per cent higher, while non-food and services prices rose by one per cent and 3.9 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded 0.3 per cent inflation on a monthly basis, while the annual harmonised CPI in February was up 2.4 per cent.

Food and beverage prices were 4.5 per cent up, on an annual basis, while the price of utilities and housing also increased by 4.5 per cent and transportation costs were 1.2 per cent lower compared to a year earlier. The three categories account for about 48.3 per cent of the harmonised CPI basket.

(Photo: svilen001/sxc.hu)

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