Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
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)
NEWS BY SECTOR
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
BULGARIA'S INFLATION RATE DOWN TO 4.5% IN DEC Y/Y
Date: 12/01/2011
Source: novinite.com
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
YAMBOL DISTRICT AND CITY INFORMATIONYambol
Invest Bulgaria Charts
FDI to Current Account Deficit of Bulgaria
FDI to Current Account Deficit of Bulgaria

Foreign assets of Bulgaria
Foreign assets of Bulgaria

See all charts
Did You Know?
Bulgarian Weddings
Bulgarian Weddings
In Bulgaria, wedding bands on worn on the right hand, not the left as in the West. ... More

Yambol is a town standing on the banks of the Tounda River. It dates back to Roman times when it was called Dianapolis. The town boasts Roman baths, a medieval fortress, the Saint George Church of 1737, the Saint Nicholas the Miracle Maker Church, the Roofed Market (Bezistena) of the 16th Century, Churshoum Pazar and the Eski Mosque.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 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 BestFlowers.bg 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