BULGARIAN ECONOMY
Bulgaria’s consumer prices in December fall 0.9% Y/Y, stay flat M/M
Bulgaria’s consumer prices fell 0.9% year-on-year in December, the National Statistical Institute office said on 14 January.
Compared to November 2014, Bulgaria’s December consumer price index (CPI) was unchanged, the National Statistical Institute (NSI) said in a statement.
The average annual inflation in the 12 months of last year compared to the previous 12 months was negative at -1.4%.
The NSI reported year-on-year deflation in nine of last year’s 12 months with the exception of April, July and October.
In December, the EU-defined harmonized index of consumer prices (HICP) rose 0.3% month-on-month but fell 2.0% year on year.
The HICP is the comparable measure of inflation across EU member states. It is one of the measures of price stability and Bulgaria’s readiness to join the Eurozone.
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Bulgaria’s consumer prices in December fall 0.9% Y/Y, stay flat M/M
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