Bulgaria’s annual PPI deflation deepens to 0.6% in April

By bne IntelliNews May 29, 2015

Bulgaria’s domestic industrial producer prices fell 0.6% y/y in April, following a 0.4% y/y decline in March, statistics office data showed. On a monthly basis, the PPI went down 0.4% in April, after rising 0.6% in March.

Producer prices in manufacturing dropped 3.5% y/y in April, deepening from a 3.1% y/y contraction a month earlier. Within manufacturing, the highest y/y price increase took place in basic metals (+8.1%), whereas the deepest decline was recorded in food products (-1.1%).

Notably, the deepest drop across the reported components of manufacturing is smaller than the overall decline for this section. A plausible explanation could be that the statistics office is not publishing separate price data for products of Bulgaria’s sole oil refinery due to confidentiality.

Producer prices in utilities increased 3.7% y/y in April, decelerating from a 4% y/y rise in March.

On the other hand, prices in mining went up 6.6% y/y in April, speeding up from a 1.4% y/y growth a month earlier. Prices rose y/y for all mining subsectors, including coal and lignite (+3.7%), metal ores (+13%) and other mining and quarrying (+0.5%).

The broader PPI, including sales abroad, edged down 0.1% y/y in April, reversing a 0.5% y/y increase in March.

Domestic market PPI, % y/y        
  Jan-15 Feb-15 Mar-15 Apr-15
TOTAL -1.9 -1.2 -0.4 -0.6
Mining and quarrying -3.0 -3.1 1.4 6.6
Manufacturing -5.3 -4.2 -3.1 -3.5
Utilities 4.1 4.2 4.0 3.7
Source: NSI        

Related Articles

Poultry company Gradus holds Bulgaria's biggest IPO in 10 years

Bulgaria’s biggest poultry company Gradus sold 43,961,878 shares during the first day of listing of its shares on Bulgarian Stock Exchange in the biggest IPO for the past 10 years, bourse data ... more

Bulgaria’s FIBank denies links to Yulen, risk of collapse

Bulgaria’s FIBank on June 15 denied claims by opposition Democratic Bulgaria and investigative news outlet Bivol.bg about links between one of its shareholders – Tseko Minev – and the ... more

Bulgarian prosecution accuses medical audit body of covering up deaths

Bulgaria’s Supreme Cassation Prosecution accused the state medical audit body, EAMO, of covering up several cases of patients who died in hospital ... more

Dismiss