Bulgaria annual CPI records 2.9% inflation in July

Bulgaria’s annual consumer price index (CPI) recorded 2.9 per cent inflation in July, rising from 2.8 per cent a month earlier, with prices up by 0.8 per cent on a monthly basis, according to data released by the National Statistical Institute (NSI) on August 14.

In monthly terms, it was the ninth time the CPI figure showed inflation in the previous 12 months and was the highest monthly jump recorded in that time.

Food prices were 0.2 per cent higher compared to June and non-food prices declined by 0.5 per cent, while services prices were three per cent up. Compared to July 2018, food prices were 4.7 per cent higher, while non-food and services prices rose by 0.3 per cent and 3.8 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, rose by 1.3 per cent on a monthly basis, while the annual harmonised CPI inflation in July was 2.6 per cent, up from 2.3 per cent a month earlier.

Food and beverage prices were 4.7 per cent up, on an annual basis, while the price of utilities and housing increased by four per cent and transportation costs were 0.3 per cent higher compared to a year earlier. The three categories account for about 48.3 per cent of the harmonised CPI basket.

(Photo: svilen001/sxc.hu)



The Sofia Globe staff

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