Price indices

The National Statistical Institute announced inflation in December, which is expected to be high. For the year, on average, prices increased by 7.8%.

Bulgaria: 7.8% Annual Inflation in December

Inflation "climbed" to 3.4% in October 2021, according to ELSTAT.

In particular, the comparison of the General CPI of October 2021 with the corresponding Index of October 2020 resulted in an increase of 3.4% compared to a decrease of 1.8% in the respective comparison of the year 2020 with 2019.

Turkey registered an annual increase of 19.89% in consumer prices in October, the country's statistical authority announced on Nov. 3. 

The annual inflation rose by 0.31 percentage points from 19.58% a month ago, while the figure was 11.89% in October 2020, the Turkish Statistical Institute (TÜİK) said.

Turkey's sectoral confidence indices posted positive results this month, the country's statistical authority reported on Oct. 25. 

Seasonally adjusted confidence indices for services, retail trade, and construction were up by 2.1%, 4.8% and 1% month-on-month in October.

Basic food is expected to rise by another 7% by the end of the year. This is predicted by the chairman of the State Commission on Commodity Exchanges and Markets Vladimir Ivanov. However, despite the high prices of electricity and natural gas, there will be no sharp jump. The reasons are the competitive market and shrinking consumption.

Continuing its upward trend with high energy and food prices, annual inflation in the Organization for Economic Cooperation and Development (OECD) area reached 4.3% in August.

The annual figure was up from 4.2% in July, the OECD said in a statement on Oct. 5. 

In August 2021, production prices in Bulgaria increased by 3% compared to the previous month and recorded a record growth on an annual basis of nearly 18% as a result of a sharp jump in energy prices, according to data from the National Statistical Institute, quoted by BNR. They are also evidence of a continued rise in inflation in the coming months.

The National Statistical Institute reported here on Wednesday that inflation in August 2021 was 3.7 per cent compared to August 2020, and 0.8 per cent compared to July 2021.
The inflation rate since the beginning of the year (August 2021 compared to December 2020) was 3.1 per cent.

The annual inflation rate went up to 5.3 pct in August 2021, from 5 pct in July, given that non-food stuffs were more expensive by 7.92 pct, foodstuffs by 2.7 pct, and services by 2.97 pct, according to data published on Friday by the National Institute for Statistics (INS). According to the INS, consumer prices in August 2021 compared to July 2021 increased by 0.2 pct.

The government is working on a package as it has signaled an impending wave of price increases in basic consumer goods and electricity bills.