Bulgaria's CPI inflation cools to 0.5% y/y in July

By bne IntelliNews August 13, 2013

Bulgaria's consumer price inflation fell to 0.5% y/y in July from 2.6% the month before mainly due to slower growth of food prices (36.4% share in the CPI basket), statistics office data showed. The price of food increased by 3% y/y in July, down from a 5.2% growth posted in June. Prices of other major goods and services also decreased - housing and utilities cost 3.4% less than a year earlier, health prices went down by 3.7% y/y and the price of transport fell by 0.5% y/y.

The monthly consumer price index was in negative territory for the fifth month in a row. July's deflation was recorded at 0.5% m/m as food prices declined by 1.5%. Consumer paid 0.7% m/m less for health but some 0.2% m/m more for transport in July. Prices of housing and utilities stayed flat on the month.

In July, the EU-harmonised CPI inflation (HICP), used as a benchmark for the euro adoption, remained unchanged from a year earlier but ticked down 0.1% on a monthly basis.

Related Articles

Bulgaria’s opposition BSP files no-confidence motion against government

Bulgaria’s opposition Socialist Party (BSP) filed a no-confidence motion against ... more

Bulgarian parliament overturns president’s veto on corruption bill

The Bulgarian parliament has overturned a veto by President Rumen Radev on the controversial anti-corruption law that was adopted in December despite strong objections from the ... more

Bulgarian capital mulls car ban to tackle air pollution

The Sofia city authorities have announced plans for wide-reaching measures to curb high levels of air pollution in the capital.  Bulgaria has the highest levels of PM10 concentrations in ... more