Bulgaria’s domestic market PPI falls 3.9% y/y in October 2013

By bne IntelliNews November 29, 2013

Bulgaria's domestic market PPI dropped 3.9% y/y in October, deepening from a 3.5% y/y contraction the month before, statistics office data showed. In monthly terms, the industrial producer price index edged down 0.2%. The falling PPI is also being translated into sustained CPI deflation. The CPI shrank 1.4% y/y in October following a 1.6% y/y contraction the month before.

October prices of manufacturing output fell 3.1% y/y, dragged down for the third month in a row by declining prices of base metals (-7.3%), food (-3.7%), chemical products (-2.8%), electrical installations (-1.3%) and paper and carton (-0.3%). On a monthly basis, manufacturing prices slipped 0.26% in October.

Producer prices in the mining and quarrying sector dropped 10.3% y/y. Metal ore extraction charges decreased 20.3% y/y, whereas coal extraction costs went up 8.6% y/y. Compared to the previous month, October's mining and quarrying prices were 0.21% lower. Electricity, heat and gas prices fell 4.9% y/y and 0.2% m/m.

In October, the broader PPI index (sales abroad included) decreased 4.2% y/y and 0.3% m/m.

In 2012, producer price growth decelerated to 5.3% on average from 8.7% in 2011. The average price growth was the highest in the utilities sector (8.1%). 

Related Articles

EU to fund feasibility study on Slovakia’s proposed Eastring gas link to Balkans

The EU has agreed to help fund a feasibility study on the Eastring pipeline project, which would link Slovakia to the Balkan markets, Slovak transmission system operator Eustream announced on May 26. ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Bulgarian prosecutors charge former foreign minister in procurement case

Bulgaria's specialised anti-corruption unit has charged former Foreign Minister Daniel Mitov with violating the laws on public finance and public procurement, ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss