Bulgaria: Consumer prices fall annually for seventh consecutive month in August
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July. According to the National Statistical Institute, the decline was mainly driven by lower prices for transport and communication. A rise in prices for food and non-alcoholic beverages was not enough to prevent an overall monthly decrease in August.
On an annual basis, consumer prices fell 0.3% in August, which followed the 0.2% drop observed in July. Meanwhile, the annual average variation in consumer prices stabilized at July’s minus 0.8% in August.
Author: Luis Lopez Vivas, Economist