Bulgarias annual inflation continues to grow in Aug on food, energy prices.

By bne IntelliNews September 13, 2012
Bulgarias annual consumer price inflation reached 3.9% in August, in line with expectations for upward pressures due to energy and food price hikes, statistics office data showed. Inflation rose from 3.1% y/y in July when the administrative increase in electricity price first pushed the index up. Food and beverages prices rose by an annual 4% in August contrary to the seasonal downward trend in June, July and August. Transport prices also continued to increase (up by 6.6% y/y in Aug from 3.6% y/y in Jul), boosted by fuel prices growth. In monthly terms, consumer prices increased by 0.5% and the main driver were the food and transport sectors. The annual average inflation for the 12-month period ending in August slowed to 2.5% from 2.6% a month earlier. Consumer prices have increased by 2.6% since the beginning of the year. The EU harmonised inflation index (HICP), used as a benchmark for the euro adoption, rose by 3.1% y/y in August, up from 2.4% y/y in July. In monthly terms, the HICP added 0.6%. The government sees end-2012 HICP inflation at 2.6% and the average inflation is forecast at 2.1% this year.

Bulgarias annual inflation continues to grow in Aug on food, energy prices.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    4 days ago
  2. Saudi Arabia to scale back plans for Neom city
    7 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    4 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    5 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
    18 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    22 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
    27 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    20 days ago

Reports

Dismiss