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Bulgarian Inflation Slows For Fifth Month

Bulgaria's consumer price inflation slowed for the fifth consecutive month in March, data released by the National Statistical Institute showed Thursday.

The consumer price index increased 1.7 percent on an annual basis in March, following the previous month's 2 percent increase. Inflation slowed for the fifth consecutive month.

Food and non-alcoholic beverages prices rose 1.1 percent, while clothing and footwear prices decreased 1.2 percent during the month. There was a 4.2 percent annual growth in housing costs and utility prices, and a 6.1 percent rise in transportation costs.

Compared to February, consumer prices edged up 0.3 percent in March, slower than the previous month's 0.9 percent increase.

The harmonized index of consumer prices (HICP), measured under the EU methodology, rose 1.7 percent annually in March, after rising 2 percent in the previous month. On a monthly basis, the HICP increased at a slower rate of 0.1 percent than February's 0.6 percent.

by RTT Staff Writer

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