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
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Bulgargaz files claim against Gazprom over lost gas supply
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
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