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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Bulgaria's BACB to acquire 99.94% of Tokuda Bank

The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

EBRD 2023: EBRD, EU and ILX to co-operate to boost private-sector finance in Emerging Europe

The European Bank for Reconstruction and Development (EBRD), the European Union, and ILX Management, an emerging market asset manager, have joined forces to enhance private-sector finance in Emerging ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    8 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    23 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    28 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    21 days ago

Reports

Dismiss