September 12 (SeeNews) - Bulgaria's consumer prices rose by a preliminary 3.1% month-on-month in August, after rising by 2.2% a month earlier, the National Statistics Institute (NSI) said on Wednesday.
Year-on-year, consumer price inflation quickened to 12% in August from 8.4% in July, the NSI said.
Bulgaria consumer prices (pct change):
|
|
August'07 |
July'07 |
August'06 |
| M/M |
+3.1 |
+2.2 |
-0.2 |
| Y/Y |
+12.0 |
+8.4 |
+6.8 |
NOTE: Bulgaria ended 2006 with an annual consumer price inflation of 6.5%, mainly driven by a rise in non-food prices. The government in Sofia expects inflation to slow to 3.4% this year, while the central bank forecasts inflation at 3.7%.
The IMF has projected an end-year inflation of 4.4% for Bulgaria in 2007.