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%).
Bulgaria’s government does not intend to participate in the deal to sell assets of Czech energy company CEZ, Finance Minister ... more
Bulgaria’s main opposition Socialist Party (BSP) is demanding the dismissal of Interior Minister ... more
Bulgaria's parliament approved on March 22 highly controversial amendments to the Public Procurement Act that will allow contracts to repair the fence along its border with Turkey to be ... more