Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
In July 2009, Bulgaria registered deflation for the third consecutive month, National Statistical Institute data shows.
After registering a deflation of 0,3% in May and 0,4% in June, the July deflation is 0,6%; thus, Bulgaria's overall inflation for the first seven months of 2009 has been reduced to 0%.
In January 2009, Bulgaria had an inflation of 0,8%, in February - 0,1%, in March a small deflation of 0,2%, and in April - an inflation of 0,7%.
Bulgaria's inflation for the period between January and July 2009 is 4,5% compared to the same period of 2008.
Food prices registered a decrease of 1,5% in July 2009; alcohol and tobacco prices declined by 0,4%, whereas clothes and shoes became cheaper by 1,8%; rent and housing bills - by 1,6%.
Health care prices registered an increase of 3%, entertainment and leisure activities - by 4,8%.
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