Bulgaria Producer Prices Drop Again in October
Photo by FOXARTBOX/Shutterstock.com
Producer prices in Bulgaria fell for the seventh consecutive month to 20.1% year-on-year in October, from a 24.3% drop in the previous month, the Sofia-based National Statistical Institute (NSI) said on Thursday.
The decline was driven by a 47.9% plunge in electricity, gas, steam and air conditioning supply prices.
On an annual comparison basis, the most significant price growth in the manufacturing industry was observed in the making of tobacco products (44.4%) and of computer, electronic and optical products (20.6%).
Producer prices on the non-domestic market lost 7.8% annually in October.
On a monthly basis, producer prices slumped by 0.9% in October, after a 1.6% gain in September.
Fuel Prices Move Closer to Avg of Neighboring Countries
Hungary, China to Sign Agreements During Visit by President
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
