NSI Reports 15% Inflation in May

NSI Reports 15% Inflation in May

Consumer prices in Bulgaria went up by an average of 4.7% in the first five months of 2007, the National Statistical Institute (NSE) reported. The inflation rate stood at 15.0% in May alone. The consumer price index (CPI) stood at 100.5% in May against April, which indicates that the inflation accelerated by 0.5%.

The Harmonized Consumer Price Index came to 100.9% in May against April, which indicates inflation of 0.9%. Year-on-year inflation in the period January to May stood at 13.9%.

The prices of the following foods appreciated in May: rice (+14.7%), bread and paste products (+1.1%), pastry products (+1.4%), poultry meat (+0.7%), pork (+0.6%), fish and fish products (+1.4%), milk (+0.9%), fresh and frozen vegetables (+15.8%), ice cream (+1.7%), potato and potato products (+7.1%), alcoholic beverages (+2.5%), soft drinks (+2.6%) and tobacco products (+3.4%).

The following foods depreciated: cheese (-1.0%), mushrooms (-5.9%), cucumbers (-51.2%), garlic and leek (-19.3%), leaf vegetables and radishes (-18.9%), tomatoes (-3.0) and cabbage (-27.6%).

Non-food products and services that registered price increases in May included: men's suits (+2.8%), women's suits (+3.7%), shoes (+1.8%), housing rents (+1.3%), А95Н gasoline (+6.6%), А98Н gasoline (+5.7%), diesel fuel (+7.6%), taxi fares (+0.2%), bus transportation (+2.2%), restaurant and cafe services (+0.6%), social services (+0.9%), car insurances (+2.5%) etc.

The prices of the following products and services declined: photographic equipment (-1.0%), cookers (-0.2%), heating equipment (-1.2%), gardening and floriculture (-1.5%), vacationing and tourism services (-2.6%).

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