Bulgaria July Producer Prices Rise 1.8% M/M
Bulgaria's producer prices rose by 1.8% month-on-month in July following a 1.2% decline in June, data from the country's statistics office showed.
Higher prices were registered in the manufacturing sector, up by 1.3% on the month, and in the utilities, up by 4.1%, while those in the mining sector were at the level of the previous month, the National Statistics Institute said on Thursday.
On an annual basis, producer prices in July were 3.1% higher, following a gain of 2.3% in the previous month. The most significant annual increase was recorded in the utilities sector, up by 10%, while the prices in manufacturing posted the lowest one, up by 1.3% on the year.
The index tracks changes in producer prices on the domestic market plus producer prices of Bulgarian products sold abroad. Economists see changes in producer prices as a key indicator of trends in consumer price inflation.