Bulgaria: The Average Annual Inflation for August 2019 - July 2020 is 2.6%

Business » FINANCE | August 17, 2020, Monday // 17:57
Bulgaria: Bulgaria: The Average Annual Inflation for August 2019 - July 2020 is 2.6% pixabay.com

The consumer price index for July 2020 compared to June 2020 is 100.5%, ie monthly inflation rate is 0.5%. Inflation since the beginning of the year (July 2020 compared to December 2019) is minus 0.5%, and annual inflation rate for July 2020 compared to July 2019 is 1.2%, data of the nationals statistics show.

The average annual inflation rate for the period August 2019 - July 2020 compared to the period August 2018 - July 2019 is 2.6%.

In July 2020, compared to the previous month, the prices of goods and services in the consumer groups changed as follows:

  • food products and non-alcoholic beverages - a decrease of 1.4%;

• alcoholic beverages and tobacco products - a decrease of 0.1%;

• clothing and footwear - a decrease of 2.2%;

• housing, water, electricity, gas and other fuels - an increase of 1.7%;

• home furnishings, household appliances and household maintenance - an increase of 0.2%;

• healthcare - an increase of 0.2%;

• transport - an increase of 1.4%;

• communications services - an increase of 0.5%;

• entertainment and culture - an increase of 7.4%;

• education - an increase of 0.1%;

• restaurants and hotels - an increase of 2.0%;

• various goods and services - an increase of 0.2%.

In July 2020 the prices of the following food products went up: flour - by 0.2%, white bread - by 1.1%, standard and rye bread - by 1.0%, pasta - by 0.7%, beef - by 1.4%, minced meat - by 0.1%, low-fat milk - by 0.9%, eggs - by 0.2%, butter - by 0.7%, apples - by 7.8%, olives - by 2.5%, beans - by 0.7%, sugar - by 0.1%, vinegar - by 0.2%, salt - by 0.8%, coffee and tea - by 0.1% each, cocoa - by 0.7%, carbonated drinks - by 0.6%, fruit juices - by 2.0%, brandy - by 1.9%, wines - by 0.4%, and others.

In July 2020 the prices of the following food products went down: rice - by 0.4%, pork - by 1.1%, poultry meat - by 0.7%, perishable sausages - by 1.4%, fresh and chilled fish - by 0.6 %, cheese - by 0.2%, oil - by 0.7%, peaches and apricots - by 18.9%, citrus fruits - by 0.3%, tomatoes - by 9.9%, cucumbers - by 25.1%, cabbage - by 5.3%, peppers - by 8.8%, onions and garlic - by 9.8 and 3.0%, respectively, root vegetables (carrots and beets) - by 6.0%, lentils - by 1.6%, potatoes - by 17.4%, ice cream - by 1.5%, mineral water - by 2.3%, beer - by 1.4%, and others.

In July 2020 in the groups of non-food goods and services there was an increase in prices of: electricity - by 2.8%, heat for water heating - by 15.2%, air conditioning installations - by 0.6%, other cleaning and disinfecting agents (liquid household cleaning products) - by 2.0%, washing powders - by 1.1%, diesel fuel - by 2.2%, petrol A95H - by 3.1%, petrol A100H - by 2.0%, propane-butane gas for LTS - by 3.6%, floriculture - by 2.5%, package services for holidays and tourist trips in the country - by 16.1%, catering services - by 0.4%, personal hygiene and cosmetic products - by 0.7 and 0.9%, respectively, insurance related with housing - by 2.0%, financial services of banks - by 11.2%, and others.

During the reported month, in the groups of non-food goods and services a decrease in prices was registered for: clothing - by 2.4%, footwear - by 2.0%, materials for repair and maintenance of dwellings - by 0.3%, central gas supply - by 2.5%, gaseous fuels for household needs - by 0.2%, furniture - by 1.2%, water heaters - by 0.6%, cleaning machines - by 0.8%, TV sets - by 0.7%, dishwashing detergents - by 0.8%, bicycles - by 0.3%, spare parts and accessories for personal transport means - by 0.9 and 0.4%, respectively, personal computers - by 2.5%, car insurances - by 3.9%, and others.

In July 2020, the prices of medicinal products increased by 0.2%, and the prices of medical and dental services - by 0.1 and 0.3%, respectively.

The harmonized index of consumer prices for July 2020 compared to June 2020 is 100.8%, ie monthly inflation rate is 0.8%. Inflation since the beginning of the year (July 2020 compared to December 2019) is 0.2%, and annual inflation rate for July 2020 compared to July 2019 is 0.4%.

The average annual inflation rate for the period August 2019 - July 2020 compared to the period August 2018 - July 2019 is 2.0%.

According to the harmonised index of consumer prices, in July 2020, compared to the previous month, the prices of goods and services in the consumer groups changed as follows:

• food products and non-alcoholic beverages - a decrease of 1.1%;

• alcoholic beverages and tobacco products - prices remain at the level of last month;

• clothing and footwear - a decrease of 2.0%;

• housing, water, electricity, gas and other fuels - an increase of 1.5%;

• home furnishings, household appliances and accessories and routine home maintenance - prices remain at last month's level;

• healthcare - an increase of 0.2%

• transport - an increase of 0.8%;

• communication services - an increase of 0.5%;

• entertainment and culture - an increase of 2.4%;

• education - an increase of 0.1%;

• restaurants and hotels - an increase of 7.5%;

• miscellaneous goods and services - an increase of 1.0%.

The price index for the small basket for July 2020 compared to June 2020 is 99.7%, and since the beginning of the year (July 2020 compared to December 2019) is 101.6%.

In July 2020, the prices of goods and services from the small basket for the lowest income earning 20% of households changed compared to the previous month as follows:

• food products - a decrease of 1.7%;

• non-food products - an increase of 0.4%;

• services - an increase of 2.0%./BNT

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: inflation

Advertisement
Advertisement
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