Bulgaria's consumer inflation slows down to 3.1% y/y in November 2011.

By bne IntelliNews December 14, 2011
Bulgarias annual consumer price inflation decelerated to 3.1% in November from 3.5% in October, the statistics office said. On a monthly basis, consumer prices rose by 0.3% in November. The prices of food, clothing and footwear, housing and utilities, healthcare services, and hotels and restaurants pushed up the overall index during the month. Since the beginning of the year, the consumer price inflation has increased 2.7%. The EU harmonised inflation index (HICP), used as a benchmark for the euro adoption, also slowed down to 2.6% on the year in November from an annual 3% in October. In monthly terms, HICP rose by 0.1% on the month and has climbed 1.8% since the beginning of the year. The government expects HCPI inflation to reach 3.9% at the end of the year and to slow down to 2.8% at the end of 2012. The average inflation is projected at 3.8% for 2011 and at 3.2% for 2012.

Bulgaria's consumer inflation slows down to 3.1% y/y in November 2011.

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