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Bulgaria's Oct Producer Prices Down 0.9% M/M, Up 8.9% Y/Y

Nov 28, 2008, 11:15:14 AMArticle by Iva Doneva
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November 28 (SeeNews) - Bulgaria's October producer prices edged down by 0.9% month-on-month after decreasing by a monthly 0.4% in September, the National Statistics Institute (NSI) said on Friday.

Bulgaria's Oct Producer Prices Down 0.9% M/M, Up 8.9% Y/Y

October producer prices were 8.9% higher than a year earlier, following an annual rise of 11.3% in September.

BULGARIA PRODUCER PRICES (PCT CHANGE):

Oct'08 Sept'08 Oct'07
M/M -0.9 -0.4 +1.3
Y/Y +8.9 +11.3 +10.3

BREAKDOWN BY SECTOR (M/M PCT CHANGE):

Oct'08 Sept'08
- manufacturing -1.2 -0.6
- mining -2.2 +0.5
- utilities +1.2 no change

NOTE: The index tracks changes in producer prices on the domestic market plus producer prices of Bulgarian products sold abroad. Economists see changes in producer prices as a key indicator of trends in consumer price inflation.

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