Bulgaria’s consumer prices speed up growth further in June

Bulgaria’s consumer prices speed up growth further in June
Bulgaria’s consumer prices speed up growth further in June
By bne IntelliNews July 15, 2021

Bulgaria’s consumer prices increased 2.7% y/y in June, after rising by 2.5% year on year in May. The consumer price index (CPI) moved up 1.5% compared to December but dropped by 0.2% month on month, the National Statistical Institute (NSI) said on July 14.

Heavyweight food prices increased by 0.7% y/y in June, after rising by 0.8% y/y in May. Annual consumer price inflation was more significant in transport (up 12.8% y/y), culture and entertainment (up 9.5% y/y) and education (up 5.3% y/y).

Compared to the previous month, housing costs increased the most, by 0.7%, while communications costs dropped 1.1% m/m.

The Harmonised Index of Consumer Prices (HICP) increased 2.4% y/y in June, after rising 2.3% y/y in May. The HICP was flat m/m in June.

The European Commission predicted the HICP would rise 1.9% in 2021 and reach 2.5% in 2022.

Data

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