KEYWORDS TODAY:   KOSTOVISLAMIC STATEWESTERN BALKANSUKRAINEMINIMUM WAGE

Bulgaria's 2013 Annual Average Inflation at 0.9%, Lowest in 18 Years

Business | January 14, 2014, Tuesday // 20:44| Views: 1854 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria's 2013 Annual Average Inflation at 0.9%, Lowest in 18 Years Photo by vesti.bg

The annual average inflation in 2013, measured by consumer price index (CPI), stood at 0.9%, the lowest point since 1995, according to Bulgaria's National Statistical Institute (NSI).

The consumer price index in December 2013 compared to November 2013 was 100.3%, i.e. the monthly inflation was 0.3%.

The annual inflation in December 2013 compared to December 2012 was -1.6%.

The annual average inflation in the period January – December 2013, compared to the period January – December 2012, amounted to 0.9%.

In December 2013, prices of food and non-alcoholic beverages remained unchanged from the previous month, prices of alcoholic beverages and tobacco went up by 0.3%, prices of clothing and footwear fell by 0.3%, prices of housing (rentals, maintenance and repair), water, electricity, gas and other fuels registered an increase by 0.1%, prices of furnishings, household equipment and routine maintenance of the house remained unchanged from November 2013, prices in the sphere of health went up by 0.1%, prices in the sphere of transport added 1.1%, prices in the sphere of communications decreased by 0.2%, prices in the sphere of recreation and culture increased by 3.4%, prices in the sphere of education remained unchanged from the previous month, prices at restaurants and hotels added 0.4%, and prices of miscellaneous goods and services increased by 0.1%.

The harmonized index of consumer prices in December 2013 compared to November 2013 was 100.4%, i.e. the monthly inflation was 0.4%. The annual inflation in December 2013 compared to December 2012 was -0.9%.

The annual average inflation, measured by HICP, in the last 12 months (January - December 2013) compared to the previous 12 months (January - December 2012) was 0.4%.

In terms of HICP, prices of food and non-alcoholic beverages remained unchanged from November 2013, prices of alcoholic beverages and tobacco increased by 0.2%, prices of clothing and footwear fell by 0.3%, prices of housing (rentals, maintenance and repair), water, electricity, gas and other fuels remained unchanged on a monthly basis, prices of furnishings, household equipment and routine maintenance of the house decreased by 0.3%, prices in the sphere of health remained unchanged from November 2013, prices in the sphere of transport went up by 1%, prices in the sphere of communications fell by 0.3%, prices in the sphere of recreation and culture added 1.5%, prices in the sphere of education remained unchanged, prices at restaurants and hotels increased by 2%, prices of miscellaneous goods and services went up by 0.1%.

The price index of a small basket in December 2013 compared to November 2013 was 100.3% and the overall decrease since the beginning of the year (December 2013 compared to December 2012) was 97.4%.

In December 2013, compared to November 2013, 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 0.4%; • Non-food products - an increase of 0.2%; • Services - an increase of 0.1%.

Business » Be a reporter: Write and send your article
Tags: National Statistical Institute (NSI), inflation, consumer price index, harmonized consumer price index
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria