Bulgaria Producer Price Inflation Hits New Record in July

Figures

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Producer inflation in Bulgaria rose by 42.5% year-on-year in July, the fastest increase in producer prices on record, following an already record-breaking 41.4% acceleration in June, reported the Sofia-based National Statistical Institute (NSI).

Prices of electricity, gas, steam, and air conditioning supply jumped 103% (83.2% in June), and 25.3% (29.9% in June) in the manufacturing sector, particularly in the production of chemicals and chemical products (46.5% vs 45.4%), and in the manufacture of food products (28.2% vs 28%).

In the mining and quarrying industry, the prices saw a 4.3% drop, from 18.8% in the previous month.

On a monthly basis, producer prices rose 3.8%, following a 3.4% increase in May. 

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