Bulgaria: Consumer prices fall at stable annual rate in December
January 14, 2016
In December, consumer prices recorded zero growth over the previous month, which followed November’s 0.1% decrease. According to the National Statistical Institute, the result mainly came on the back of an increase in prices of recreation and culture, which offset a decrease in prices of clothing and footwear.
Consumer prices fell 0.4% annually in December, which mirrored November’s result. Meanwhile, annual average consumer prices inched from November’s 0.2% fall to a 0.1% decrease in December, which marked the highest reading in almost two years.
Author: Eric Denis , Economist