Bulgaria’s Oct Producer Prices Edge down 0.2% M/M

Bulgaria’s Oct Producer Prices Edge down 0.2% M/M

Bulgaria's producer prices edged down 0.2% month-on-month in October following a 0.9% increase in September, the country's statistics office said.

Lower prices were registered in manufacturing and utilities, by 0.4% and 0.2% on the month, respectively, while prices in the mining sector went up by a monthly 2.0%, the National Statistical Institute (NSI) said.

On an annual basis, October producer prices were 6.8% higher after advancing 5.4% in the previous month.

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.



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