Bulgaria’s consumer prices edged up 0.1% y/y in March, reversing a 0.5% y/y decline in February and posting their first annual growth in 20 months, statistics office data showed. Compared to the previous month, prices went up 0.4% in March, after rising 0.2% in February.
The return to annual inflation was supported by developments in seven groups out of a total of 12 comprising the index. After being flat y/y in February, prices in the groups food and non-alcoholic beverages, as well as clothing and footwear increased y/y in March, in both cases by 0.5%. Annual deflation softened in the groups of furnishings (to 0.9% in March from 1.4% in February), transport (to 8.4% from 12.4%) and miscellaneous goods and service (to 0.5% from 0.9%). In addition, y/y inflation accelerated in the groups housing (to 5.6% from 5.5%) and recreation and culture (to 3.3% from 3.2%).
Notably, last month prices of “fuels and lubricants for personal transport equipment” registered both the deepest y/y decrease (down 13.9%) and the highest m/m increase (up 8.5%).
The EU-harmonised index of consumer prices declined 1.1% y/y in March after dropping 1.7% y/y in February. On a monthly basis, the harmonised index of consumer prices (HICP) increased by 0.3% in March.
|CPI, % y/y|
|Food and non-alcoholic beverages||-1.0||0.0||0.5|
|Alcoholic beverages and tobacco||0.8||0.7||0.7|
|Clothing and footwear||-0.5||0.0||0.5|
|Housing, water, electricity, gas and other fuels||5.4||5.5||5.6|
|Furnishings, household equipment and routine household maintenance||-1.1||-1.4||-0.9|
|Recreation and culture||3.1||3.2||3.3|
|Restaurants and hotels||0.7||0.7||0.6|
|Miscellaneous goods and service||-0.9||-0.9||-0.5|
|Source: Statistics office|
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
A prosecutor from Bulgaria’s specialised anti-corruption unit has pressed extortion charges against deputy parliament speaker Veselin Mareshki, a ... more