Bulgaria: Consumer prices fall in 2014
January 13, 2015
In December, consumer prices recorded zero growth over the previous month, which was up from November’s 0.37% decrease. 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. In contrast, prices for transport along with restaurants and hotels increased compared to the previous month.
Annual consumer prices fell 0.9% in 2014 in December (November: -0.6% year-on-year). The result followed 2013’s 1.6% decrease. In addition, December’s figure marked the 17th consecutive drop in annual consumer prices. Annual average consumer prices fell 1.4% in December, which was slightly less than November’s 1.5% drop.