Bulgaria: Consumer prices decrease annually in July
August 12, 2015
In July, consumer prices fell 0.2% over the previous month, which was above June’s 0.9% decrease and marked a three-month high. According to the National Statistical Institute, decreases in consumer prices were recorded in food and non-alcoholic beverages as well as in clothing and footwear. Conversely, prices of alcoholic beverages and tobacco as well as restaurants and hotels increased.
Consumer prices decreased by 0.2% annually, contrasting the 0.4% increase tallied in June and marking a five-month low. Despite the decrease, annual average consumer prices remained stable at June’s 0.3% drop.
Author: Eric Denis , Economist