Bulgaria Inflation Highest Since May 1998
Photo by Vitoria Holdings LLC/Shutterstock.com
Bulgaria's consumer price inflation accelerated in September to reach its highest level in 24 years, data from the Sofia-based National Statistical Institute (NSI) showed on Monday.
Consumer prices surged 18.7% year-on-year in September, faster than the 17.7% rise in August.
The latest inflation was reportedly the highest since May 1998, when it was 18.8%.
Utility costs alone jumped 30.6% yearly in September and prices for food and non-alcoholic beverages rose 25.5%.
Transport prices advanced 19.7%, and those for restaurants and hotels grew 20.7%.
On a monthly basis, consumer prices increased at a steady rate of 1.2% in September.
Bulgaria's EU-harmonized consumer price index (HICP) went up by 15.6% in annual terms in September and was 0.7% higher than in August. Month-on-month, HICP increased 0.7% in September versus 0.8% in August.
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.