Bulgaria: Consumer prices mark the fifth consecutive drop
January 14, 2014
In December, consumer prices rose 0.30% over the previous month, which contrasted the 0.20% fall recorded in November. According to the National Statistical Institute, the figure was driven mainly by higher prices for health and transport as well as for recreation and culture.
Consumer prices fell 1.6% over the same month of the previous year. The result was down from the 1.5% decrease recorded in November and marked the fifth consecutive drop in consumer prices. Annual average inflation edged down from 1.4% in November to 0.9% in December.
Consensus Forecast participants see inflation ending 2014 at 2.5%, which is unchanged from last month's forecast. In 2015, panelists expect inflation to be 2.9%.
Author: Dirina Mançellari, Senior Economist