Bulgaria's August Inflation Quickens to 3.1% Y/Y

Bulgaria's August Inflation Quickens to 3.1% Y/Y

Bulgaria's EU-harmonised consumer prices rose by 3.1% on the year, after going up by an annual 2.4% in July, the National Statistics Institute (NSI) said.

Month-on-month, the consumer price index (CPI) increased by 0.6% in August, following as 1.1% rise in July, the NSI said in a statement on Wednesday.

The monthly increase was driven by prices in transport sector, which grew by 2.2%, and by 0.8% increase in the prices for food and non-alcoholic beverages.

Bulgaria's non-EU harmonised monthly CPI edged up by 0.5% on the month and was 3.9% higher on the year in August. In July it was 1.5% higher than a month earlier and 3.1% up on an annual basis.

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