Bulgaria: Inflation picks up in October
November 14, 2011
In October, consumer prices rose 0.77% over the previous month, which overshot the 0.03% increase in September and was up from the 0.60% increase tallied in October 2010. The monthly reading reflected higher prices for clothing and footwear (+4.24% month-on-month), as well as for food and non-alcoholic beverages (+1.47% mom), which more than offset lower prices for transport (-0.31% mom) and recreation and culture (-0.22% mom). Annual inflation stepped up from 3.3% in September to 3.5% in October. However, annual average inflation remained unchanged at 4.5% for the third straight month, the highest level since October 2009. The government expects inflation to average 3.6% this year.