Bulgaria Registers 0,6% Deflation in July, Zero 2009 Inflation

Business » FINANCE | August 12, 2009, Wednesday // 12:44
Bulgaria: Bulgaria Registers 0,6% Deflation in July, Zero 2009 Inflation Food prices in Bulgaria declined by 1,5% in July according to the Statistical Institute. Photo by BGNES

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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Tags: inflation, deflation

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