Bulgaria’s Inflation Slows Down To 2.7%

Bulgaria annual consumer price inflation slowed down to 2.7% in December, from 3.1% in November, the National Statistical Institute (NSI) said on Tuesday. The average annual inflation in 2018 was 2.8%, NSI said in a monthly inflation report. On a monthly comparison basis, consumer prices in December remained unchanged, after edging down 0.1% in November, NSI said.

Prices of food and non-alcoholic beverages, which have the largest weight of 31.34% in the consumer basket, rose 2.6% year-on-year in December. Prices of housing, water, electricity, gas and other fuels (18.23% weight) grew 4.6% on the year, while transport prices (8.76% weight) remained unchanged. Bulgaria’s EU-harmonised consumer price index (HICP) rose 2.3% on the year in December and was unchanged compared to the November level.

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