Bulgaria turns to CPI deflation of 0.6% y/y in Jan

Bulgaria turns to CPI deflation of 0.6% y/y in Jan

Bulgaria's consumer prices fell 0.6% year-on-year in January following a 0.1% increase in December, the National Statistical Institute (NSI) said on Monday.

On a monthly comparison basis, consumer prices rose by 0.2% in January, after adding 0.5% in the previous month, NSI said in a monthly inflation report.

Prices in the transport sector, which have the third largest weight in the consumer price index, fell the most in January - by 8.3% year-on-year.

The year-on-year decrease in the consumer price index (CPI) in January was also partially due to a 0.4% fall in the prices of food and non-alcoholic beverages, which have the largest weight in the consumer basket.

The other category to see a notable year-on-year decrease in prices, of 4.2%, was clothing and shoes.

Bulgaria’s EU-harmonised consumer price index (HICP) fell 0.4% on an annual comparison basis in January and edged up 0.1% compared to the December level.

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