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%).
The anti-corruption unit of Bulgaria’s prosecution service has formally indicted former energy minister Rumen Ovcharov in an abuse of office case ... more
South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more
The sale procedure initiated by CEZ for its assets in Bulgaria has been suspended, Bulgaria’s Energy Minister Temenujka Petkova said ... more