Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Inflation Rate Down to 4.5% in Dec y/y
Date: 12/01/2011
Bulgaria's Inflation Rate Down to 4.5% in Dec y/y

Bulgarian consumer price inflation marked a slight decrease for the first time in 16 months to 4.5% in December on an annual basis from 4.6% in November, data of the National Statistical Institute shows.

On a monthly basis, the index inched up by 0.4%, while the annual average inflation for the last 12 months was 2.4%.

Prices of alcoholic beverages and tobacco shot up by 26.4% on an annual basis, while transport charges increased by 10.1%.

Prices of food and non-alcoholic beverages increased 4% annually during the month, while clothing and footwear prices edged up 0.1%. Costs of housing, water, electricity, gas and other fuels rose 3.8% from a year earlier.

Meanwhile, the harmonized index of consumer prices increased to 4.4% on a yearly basis in December and was up by 0.8% on a monthly basis. The harmonized inflation rate takes into account the consumption of foreigners in the country.

A falling GDP and increasing inflation rates have recently raised concerns that Bulgaria may face the risk of stagflation. Such fears were fueled by the rise in producer prices and consumer price index since the beginning of last year, except for a few summer months, alongside with the contraction of the Bulgarian economy.

Double-digit inflation and a growing current account deficit have prevented Bulgaria from joining the ERM II, so-called waiting room to the eurozone, since it joined the European Union in 2007.

Topic: Business

Featured District
Invest Bulgaria Charts
Producer Price Index of Bulgaria (change %)
Producer Price Index of Bulgaria (change %)

Current Account as Percent of GDP
Current Account as Percent of GDP

See all charts
Did You Know?
John Atanasoff
John Atanasoff
Did you know that professor John Atanasoff, a Bulgarian, built the world's first electronic-digital ... More

Rila Monastery was founded in 10 century by St. Ivan of Rila. It is the greatest Bulgarian monastery - unique architecture, exquisite wall paintings, brilliant iconostasis, a rich collection of icons and old manuscripts - a true masterpiece of the National Revival Period. Under UNESCO's protection, Rila Monastery is one of Bulgaria's biggest sanctuaries.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members