Inflation in Bulgaria Reaches 1% Since Beginning of 2017

Business » FINANCE | August 14, 2017, Monday // 15:31| Views: | Comments: 0
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Bulgaria: Inflation in Bulgaria Reaches 1% Since Beginning of 2017 pixabay.com

The consumer price index in July 2017 compared to June 2017 was 100.3%, i.e. the monthly inflation was 0.3%. The inflation rate since the beginning of the year (July 2017 compared to December 2016) has been 1.0% and the annual inflation in July 2017 compared to July 2016 was 1.3% (Figure 1 and Annex, Table 1). The annual average inflation, measured by CPI, in the last 12 months (August 2016 - July 2017) compared to the previous 12 months (August 2015 - July 2016) was 0.9%, according to the National Statistical Institute's data. 

In July 2017 compared to the previous month the prices of goods and services in the main consumer groups changed as follows:

 Food and non-alcoholic beverages - a decrease of 0.1%;

 Alcoholic beverages and tobacco - the prices remained at the level of the previous month;

 Clothing and footwear - a decrease of 2.8%;

Housing, water, electricity, gas and other fuels - an increase of 0.8%;

 Furnishings, household equipment and routine maintenance of the house - an increase of 0.4%.

Health - the prices remained at the level of the previous month;

 Transport - a decrease of 0.5%;

 Communications - the prices remained at the level of the previous month;

 Recreation and culture - an increase of 7.1%;

 Education - an increase of 0.1%;

 Restaurants and hotels - an increase of 1.0%;

Miscellaneous goods and service - a decrease of 0.6%. Harmonized index of consumer prices (HICP) The harmonized index of consumer prices in July 2017 compared to June 2017 was 100.5%, i.e. the monthly inflation was 0.5%. The inflation rate since the beginning of the year (July 2017 compared to December 2016) has been 0.8% and the annual inflation in July 2017 compared to July 2016 was 0.6% . The annual average inflation, measured by HICP, in the last 12 months (August 2016 - July 2017) compared to the previous 12 months (August 2015 - July 2016) was 0.2%. In terms of HICP, in July 2017 compared to the previous month the prices of goods and services in the main consumer groups changed as follows:

 Food and non-alcoholic beverages - a decrease of 0.1%;

 Alcoholic beverages and tobacco - a decrease of 0.1%;

Clothing and footwear - a decrease of 2.6%;

 Housing, water, electricity, gas and other fuels - an increase of 0.7%;

 Furnishings, household equipment and routine maintenance of the house - an increase of 0.2%;

 Health - the prices remained at the level of the previous month;

Transport - an increase of 0.2%;

 Communications - the prices remained at the level of the previous month;

 Recreation and culture - an increase of 3.9%;

 Education - an increase of 0.1%;  Restaurants and hotels - an increase of 3.2%;

 Miscellaneous goods and service - a decrease of 0.3%.

The report further shows, that the price index of a small basket in July 2017 compared to June 2017 was 100.0% and the overall increase since the beginning of the year (July 2017 compared to December 2016) has been 101.4%

In July 2017 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 - a decrease of 0.3%;

 Non-food products - a decrease of 0.3%;

 Services - an increase of 1.1%.

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