Bulgaria's CPI deflation softens to 0.1% y/y in Feb

Bulgaria's CPI deflation softens to 0.1% y/y in Feb

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

On a monthly comparison basis, consumer prices rose by 0.6% in February, after adding 0.2% 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 February - by 6% year-on-year. The year-on-year decrease in the consumer price index (CPI) in February was also partially due to a 3.8% decrease in the clothing and shoes category.

Prices of food and non-alcoholic beverages, which have the largest weight in the consumer basket, edged up 0.2% year-on-year.

Bulgaria’s EU-harmonised consumer price index (HICP) rose 0.2% on an annual comparison basis in February and was 0.5% higher compared to the January level.

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