In December, consumer prices rose 0.44% over the previous month, which were slower than the 0.70% increase recorded in November. The reading mainly reflected price increases for food and non-alcoholic beverages (+0.38% month-on-month) as well as for transport (+1.76% mom). Annual inflation inched down from 4.6% in November to 4.5%, coming in below market expectations of 4.7%. The lower reading marked the first drop in inflation since June 2010. However, at the current level, inflation closed 2010 well above both the Central Bank's estimate of 3.0% for the fourth quarter and the government's target of 3.2%. Meanwhile, at its most recent policy meeting on 30 December, the Central Bank left the base interest rate unchanged at 0.18%.
Inflation drops in December
January 12, 2011
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Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.