Bulgaria: Consumer prices were stable annually in January
February 22, 2016
In January, consumer prices recorded zero growth over the previous month, which mirrored December’s result. According to the National Statistical Institute, the reading mainly came on the back of an increase in prices of food and non-alcoholic beverages, which offset a decrease in prices of clothing and footwear.
On an annual basis, consumer prices were stable annually in January, which followed December’s 0.4% fall. Meanwhile, annual average consumer prices inched up from December’s 0.1% fall to a flat growth in January, which marked the highest reading in almost two years.
Author: Eric Denis , Economist