Bulgaria Registers 0.8% Deflation Y/Y September 2014

Business | October 14, 2014, Tuesday // 12:35
Bulgaria: Bulgaria Registers 0.8% Deflation Y/Y September 2014 Photo by BGNES.

The consumer price index in September compared to August was 99.8%, i.e. the monthly inflation was-0.2%, the latest data revealed by Bulgaria's National Statistical Institute shows.

The inflation rate since the beginning of the year (September 2014 compared to December 2013) has been -1.4% and the annual inflation in September 2014 compared to September 2013 was -0.8%.

The annual average inflation, measured by CPI, in the last 12 months compared to the previous 12 months was-1.6%. In September 2014 compared to the previous month the prices of goods and services in the main consumer groups changed as follows: food and non-alcoholic beverages-an increase of 0.9%; alcoholic beverages and tobacco - an increase of 0.1%; clothing and footwear-a decrease of 0.4%; housing (rentals, maintenance and repair), water, electricity, gas and other fuels-an increase of 0.2%.

The harmonized index of consumer prices in September compared to the previous month was 99.3%, i.e.the monthly inflation was-0.7%. The inflation rate since the beginning of the year has been -1.9% and the annual inflation in September 2014 compared to the same month of 2013 was-1.4%.

The annual average inflation, measured by HICP, in the last 12 months compared to the previous 12 months (October 2012-September 2013) was-1.4%. In terms of HICP, in September 2014 compared to the previous month the prices of goods and services in the main consumer groups changed as follows: food and non-alcoholic beverages-an increase of 0.8%; alcoholic beverages and tobacco-an increase of 0.1%; clothing and footwear-a decrease of0.2%; housing (rentals, maintenance and repair), water, electricity, gas and other fuels-an increase of 0.1%.

The price index of a small basket in September 2014 compared to the previous month was 100.3% and the overall decrease since the beginning of the year has been 98.9%. In September 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 0.7%; non-food products-a decrease of 0.1%; services-the prices remained at the level of the previous month.

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Tags: inflation, consumer price index, harmonized index of consumer prices, small basket
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