Bulgaria annual CPI records 0.1% deflation in February

Written by on March 15, 2021 in Bulgaria - Comments Off on Bulgaria annual CPI records 0.1% deflation in February

Bulgaria’s annual consumer price index (CPI) shrank by 0.1 per cent in February, compared to 0.6 per cent deflation a month earlier, data released by the National Statistical Institute (NSI) on March 15 showed.

Monthly inflation in February was 0.6 per cent, the sixth time that the monthly CPI figure showed an increase over the previous 12 months, which also saw deflation recorded five times and one month of zero growth.

Beyond the Covid-19 pandemic’s impact on the inflation indicator, it limited NSI’s ability to collect the data, with the statistics body saying that it had to extrapolate about five per cent of the total consumer price index, compared to seven per cent a month earlier.

Food prices were 1.1 per cent higher in February compared to the previous month, while non-food and services prices were up 0.5 per cent and 0.2 per cent, respectively. Compared to February 2020, food prices were 0.3 per cent higher, while non-food prices fell by two per cent and services prices rose by 1.3 per cent.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded 0.5 per cent inflation in February, while the annual harmonised CPI inflation was 0.2 per cent.

Food and beverage prices were 0.4 per cent higher, on an annual basis, while the price of utilities and housing increased by 0.7 per cent and transportation costs were 2.9 per cent lower compared to February 2020. The three categories account for about 48.8 per cent of the harmonised CPI basket.

(Illustration: svilen001/sxc.hu)

For the rest of The Sofia Globe’s continuing coverage of the Covid-19 situation in Bulgaria, please click here.

The Sofia Globe’s coverage of the Covid-19 situation in Bulgaria is supported by the Embassies of Switzerland and Finland.

Please support independent journalism by clicking on the orange button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:

Become a Patron!

Comments

comments

About the Author

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