Bulgaria Posts Deflation for 13th Month Running in August

Bulgaria Posts Deflation for 13th Month Running in August

Bulgaria’s consumer prices fell 0.6% year-on-year in August, marking the 13th straight month of deflation, official figures showed on Monday.
The drop in consumer prices, however, has slowed down for a third month running, compared to the hefty decline of over 2.5% in February 2014.
The slowdown is in line with the latest forecast of the Bulgarian National Bank, which said last month that consumer prices would keep decreasing in the remainder of the year, albeit at a lower rate.
Caretaker Finance Minister Rumen Porozhanov said earlier this month that the cabinet expects the Bulgaria’s economy to grow by 1.5%-1.6% in 2014 with deflation for the full year projected at 0.2%-0.3%.
 
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.