Bulgaria’s inflation flat at 16.9% y/y in December

SOFIA, Jan 16 (Reuters) – Bulgaria’s consumer price inflation remained unchanged at 16.9% on an annual basis in December from a month earlier, data from the statistics office showed on Monday.

Consumer prices increased by 0.9% in December on a monthly basis compared with 0.8% increase in November, the statistics office said.

Under the EU-harmonised index consumer price inflation was 14.3% on the year in December, above the government forecasts of 12.6%. On a monthly basis, consumer prices rose by 0.8%, data showed.

The finance ministry sees inflation, fueled by a spike in energy costs, the war in Ukraine and the imposed sanctions on Russia, easing in 2023 to an annual average of 6.4% under the EU harmonised index.

CONSUMER PRICE INFLATION	DEC 2022	NOV 2022	DEC 2021
M/M % CHANGE	+0.9	+0.8	+0.9
Y/Y % CHANGE	+16.9	+16.9	+7.8