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 November 2018 compared to October 2018 was 99.9%, i.e. the monthly inflation was -0.1%. The inflation rate since the beginning of the year (November 2018 compared to December 2017) has been 2.7% and the annual inflation in November 2018 compared to November 2017 was 3.1%.
The annual average inflation, measured by CPI, in the last 12 months (December 2017 - November 2018) compared to the previous 12 months (December 2016 - November 2017) was 2.8%.
In November 2018 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 0.2%; • Alcoholic beverages and tobacco - an increase of 0.1%; • Clothing and footwear - a decrease of 0.1%; • Housing, water, electricity, gas and other fuels - an increase of 0.7%; • Furnishings, household equipment and routine maintenance of the house - a decrease of 0.5%;
• Health - an increase of 0.1%; • Transport - a decrease of 3.0%; • Communications - an increase of 0.8%; • Recreation and culture - an increase of 0.3%; • Education - the prices remained at the level of the previous month; • Restaurants and hotels - an increase of 0.5%; • Miscellaneous goods and service - an increase of 0.4%.
The harmonized index of consumer prices in November 2018 compared to October 2018 was 99.7%, i.e. the monthly inflation was -0.3%. The inflation rate since the beginning of the year (November 2018 compared to December 2017) has been 2.3% and the annual inflation in November 2018 compared to November 2017 was 3.0% (Annex, Table 2). The annual average inflation, measured by HICP, in the last 12 months (December 2017 - November 2018) compared to the previous 12 months (December 2016 - November 2017) was 2.6%. In terms of HICP, in November 2018 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 - an increase of 0.1%; • Clothing and footwear - a decrease of 0.1%; • Housing, water, electricity, gas and other fuels - an increase of 0.8%; • Furnishings, household equipment and routine maintenance of the house - a decrease of 0.4%.
Health - an increase of 0.1%; • Transport - a decrease of 2.6%; • Communications - an increase of 0.3%; • Recreation and culture - an increase of 0.3%; • Education - the prices remained at the level of the previous month; • Restaurants and hotels - an increase of 0.3%; • Miscellaneous goods and service - an increase of 0.3%.
The price index of a small basket in November 2018 compared to October 2018 was 100.2% and the overall increase since the beginning of the year (November 2018 compared to December 2017) has been 103.1% (Annex, Table 3). In November 2018 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 0.1%; • Services - an increase of 0.4%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
The latest data released by Eurostat, the official statistical office of the European Union, reveals that Bulgaria continues to grapple with the lowest purchasing power within the EU
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022