Bulgaria with 2.6% Inflation January 2013 Y/Y

In January 2013, Bulgaria has registered an annual inflation of 2.6%, according to figures of Eurostat, the statistical office of the EU.

This is by 0.2% lower, compared to December 2012, when inflation stood at 2.8%.

In January 2012, inflation in Bulgaria was 1.9%, meaning the annual inflation went up by 0.7%.

The Eurozone annual inflation was 2.0% in January 2013, down from 2.2% in December 2012.

A year earlier the rate was 2.7%. Monthly inflation was -1.0% in January 2013.

EU annual inflation was 2.1 % in January 2013, down from 2.3% in December 2012.

A year earlier the rate was 2.9%. Monthly inflation was -0.8% in January 2013.

In January 2013, the lowest annual rates were observed in Greece (0.0%), Portugal (0.4%) and Latvia (0.6%), and the highest in Romania (5.1%), Estonia (3.7%) and the Netherlands (3.2%).

Compared with December 2012, annual inflation fell in twenty three Member States, remained stable in one and rose in three.

The lowest 12-month average rates up to January 2013 were registered in Greece and Sweden (both 0.9%) and Ireland (1.9%), and the highest in Hungary (5.4%), Estonia (4.1%), Romania and Slovakia (both 3.6%).

In the Eurozone, the largest upward impacts on annual inflation in January 2013 came from electricity (+0.16 percentage points), vegetables (+0.09) and tobacco (+0.07), while telecommunications (-0.20), medical & paramedical services (-0.08) and garments (-0.06) had the biggest downward impacts.

The Eurozone annual inflation is expected to be 1.8% in February 2013, down from 2.0% in January, according to a flash estimate from Eurostat.

Looking at the main components of Eurozone inflation, energy (4.0% compared with 3.9% in January) is expected to have the highest annual rate in February, followed by food, alcohol & tobacco (2.7% compared with 3.2% in January),services (1.6%, stable compared with January) and non-energy industrial goods (0.8%, stable compared with January).