In the Eurozone: Annual Inflation Slips to 2.6%
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The consumer price index in Bulgaria in October 2012, compared to September 2012, was 100.3%, i.e. the monthly inflation was 0.3%.
The data was reported Tuesday by the Bulgarian National Statistical Institute (NSI).
The inflation rate since the beginning of the year (October 2012 compared to December 2011) had been 4.0% and the annual inflation in October 2012 compared to October 2011 was 4.4%
The annual average inflation, measured by CPI, in the last 12 months (November 2011 - October 2012) compared to the previous 12 months (November 2010 - October 2011) was 2.8%.
In October 2012, compared to the previous month, the prices of goods and services in the main consumer groups changed as follows: food and non-alcoholic beverages - an increase of 0.3%; alcoholic beverages and tobacco - the prices remained at the level of the previous month; clothing and footwear - an increase of 4.7%; housing (rentals, maintenance and repair), water, electricity, gas and other fuels - an increase of 0.4%; furnishings, household equipment and routine maintenance of the house - an increase of 0.5%; health - a decrease of 0.8%; transport - a decrease of 1.7%; communications - a decrease of 0.2%; recreation and culture - an increase of 1.4%; education - an increase of 2.3%; restaurants and hotels - an increase of 0.7%; miscellaneous goods and service - an increase of 0.1%.
The harmonized index of consumer prices in October 2012, compared to September 2012, was 99.9%, i.e. the monthly inflation was -0.1%.
The group 'transport' had the biggest downward impact on the total HICP that measures the change in prices of the goods and services, consumed by all households (including foreign households) on the economic territory of the country. Differences between CPI and HICP are due to different coverage of the HICP and CPI in respect of treatment of the consumption by both non-resident and institutional households.
The inflation rate since the beginning of the year (October 2012 compared to December 2011) had been 2.7% and the annual inflation in October 2012 compared to October 2011 was 3.0%
The annual average inflation, measured by HICP, in the last 12 months (November 2011 - October 2012) compared to the previous 12 months (November 2010 - October 2011) was 2.3%.
In terms of HICP in October 2012 compared to the previous month the prices of goods and services in the main consumer groups changed as follows: food and non-alcoholic beverages - an increase of 0.3%; alcoholic beverages and tobacco - the prices remained at the level of the previous month; clothing and footwear - an increase of 4.1%; housing (rentals, maintenance and repair), water, electricity, gas and other fuels - an increase of 0.2%; furnishings, household equipment and routine maintenance of the house - an increase of 0.2%; health - a decrease of 0.6%; transport - a decrease of 1.8%; communications - a decrease of 0.2%; recreation and culture - an increase of 0.9%; education - an increase of 2.2%; restaurants and hotels - an increase of 0.9%; miscellaneous goods and service - an increase of 0.3%.
The price index of a small basket in October 201, compared to September 2012' was 100.2% and the overall increase since the beginning of the year (October 2012 compared to December 2011) had been 105.0%.
In October compared to the previous month the prices of goods and services in the small basket for the 20% households with the lowest income, changed as follows: food products - an increase of 0.2%; non-food products - an increase of 0.6%; services - the prices remained at the level of the previous month.
The harmonized index of consumer prices (HICP) is the comparable measure of inflation across EU Member states. It is one of the criterions of price stability and for readiness of Bulgaria to join the Euro Zone.
HICP, as well as CPI, measures the total relative price change of goods and services. Both indices are calculated using the same basket of goods and services, but differ with respect to the used weights. HICP is calculated through the use of weights, which reflect the individual and the collective consumption of all households (incl. institutional and foreign households) on the economic territory of the country. The main source of information for HICP weights is the national accounts data.
The price index of a small basket (PISB) is a measurement of the relative average price changes of 100 socially useful and vital for the living goods and services. The weights of this index reflect he expenditures of the 20% lowest income households. The source of weights information is the Households Budget Survey in the country.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022