Bulgaria's Monthly Inflation at -0.5% in July 2013

Business | August 13, 2013, Tuesday // 13:33|  views

The inflation rate since the beginning of the year (July 2013 compared to December 2012) stands at -1.6% and the annual inflation in July 2013 compared to July 2012 was 0.5%, according to Bulgaria's National Statistical Institute (NSI).

The consumer price index in July 2013 compared to June 2013 was 99.5%, i.e. the monthly inflation was -0.5%.

The annual average inflation, measured by CPI, in the last 12 months (August 2012 - July 2013) compared to the previous 12 months (August 2011 - July 2012) was 3.3%.

The main reason for the monthly decrease in the inflation rate in July were the lower prices of goods in the consumer groups of "clothing and footwear" (down by 2.5%), "food and non-alcoholic beverages" (down by 1.6%).

The consumer group of "alcoholic beverages and tobacco" registered an increase of 0.1%.

In the summer months, the most significant price increases were recorded in the groups of "recreation and culture" (up by 4.1%), and "restaurants and hotels" (up by 0.5%), as well as "transport" (up by 0.2%).

The biggest decreases in prices of food products in July were reported in the group of "fruit and vegetables."

In July 2013, prices of tomato and cabbage fell by nearly 27%, while apricots and peaches were 24% cheaper compared to June.

Meanwhile, pork prices went up by 1.3% and milk and yoghurt prices added 1.2%.

In the group of non-food products, there was a slight increase in automotive fuels, with gasoline A98 H adding 0.1%, and diesel prices growing by 0.5%.

"Complex tourism services" grew 14.4% more expensive.

The biggest decreases were registered in prices of air conditioners, down by 4.8% and shoes, down by -2.9%.

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Tags: National Statistical Institute, NSI, inflation, consumer price index


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