Bulgaria’s registers monthly inflation of 1% in July’16

The Bulgarian harmonized consumer price index /HICP/ increased by 1% MoM in July 2016. The prices of food and non-alcoholic drinks, which have the largest weight in the index, increased by 1.4% MoM, while the transportation prices, which are the 2nd largest-weight component in the index, added 1.8% on a monthly basis. The prices of clothing and footwear decreased by 2% MoM, whereas the prices of hotel and restaurant services increased by 3.3% relative to June’16. The HICP declined by 1.1% YoY and the average annual HICP for the August'15 – July’16 period decreased by 1.3% compared to the previous 12 months.