Bulgaria reports -0.4% deflation month-on-month in January 2015

Bulgaria reports -0.4% deflation month-on-month in January 2015

Sofia, February 13, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of the Sofia Globe

Deflation on a monthly basis was -0.4 per cent in January 2015, with deflation over the previous 12 months coming in at -1.3 per cent, Bulgaria’s National Statistical Institute said on February 13, citing preliminary figures.

According to the preliminary data, the consumer price index in January 2015 compared to December 2014 was 99.6 per cent, meaning monthly inflation was -0.4 per cent.

Annual inflation in January 2015 compared to January 2014 was -1.0 per cent.

Annual average inflation, measured by CPI, in the Past 12 months, February 2014 to January 2015, compared to the previous 12 months, February 2013 – January 2014, was -1.3 per cent, the NSI said.

According to NSI preliminary data, the harmonized index of consumer prices in January 2015 compared to December 2014 was 99.3 per cent, meaning monthly inflation was -0.7 per cent.

Annual inflation in January 2015 compared to January 2014 was -2.3 per cent.

The annual average inflation, measured by HICP, in the last 12 months (February 2014 – January 2015) compared to the previous 12 months (February 2013 – January 2014) was -1.7 per cent.

In January 2015, prices of the following goods and services increased, month on month; food and non-alcoholic beverages 0.8 per cent, recreation and culture 0.8 per cent, education 0.1 per
cent, restaurants and hotels 0.5 per cent, and miscellaneous goods and service 0.1 per cent.

Three groups of goods and services cheapened, according to the NSI: clothing and footwear by 2.9 per cent, furnishings, household equipment and routine house maintenance by 0.1 per cent, and health services by 0.1 per cent.

The prices of housing (rentals, maintenance and repair), water, electricity, gas and other fuels and of communications were unchanged, the NSI said.