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Bulgaria's PPI in agriculture up 37.5% y/y in Q2

Bulgaria's PPI in agriculture up 37.5% y/y in Q2 Sunflower, maize

SOFIA (Bulgaria), August 12 (SeeNews) - Bulgaria's producer price index (PPI) in agriculture rose by an annual 37.5% in the second quarter of 2022, on the back of a 46.4% year-on-year jump in crop output prices, the country's statistical office said on Friday.

In the three months to end-June, prices of grain crops increased by 56.5% on the year and industrial crop prices added 37.4%, the National Statistical Institute (NSI) said in a statement.

Prices of fodder crops were 21% higher on the year, while those of fresh fruit and fresh vegetables grew 8.8% and 21%, respectively.

Among grain crops, the prices of soft wheat surged 65.3%, whereas sunflower seed prices were 45.7% higher.

Animal output prices recorded a more modest annual increase of 24.8% in the second quarter.

Live animals prices rose by 26.3% year-on-year, while prices of animal products grew by 27.5% as a result of increases in prices of dairy milk and hen eggs.

The index of prices of goods and services in agriculture in the second quarter of 2022 was 46.2% higher compared to the same period of 2021, the NSI added.