Bulgaria reports -1.6% inflation for 2013
Inflation for 2013 was minus 1.6%, the Bulgarian Statistical Institute (NSI) reports.
Prices have risen only in December and even then only by 0.3 %. Otherwise, the last year was largely characterized by negative inflation, resulting from the 11.1% lower electricity, 10.5% lover heating and 0.8% food prices. It turns out that the costs for electricity and heating and the good harvest had a very good effect on the pocket of the Bulgarians.
This. however, does not neccessarily reflect well on the business, as when prices fall, there is a reduced the desire for investments and for the creation of new jobs.
On the other hand, a negative inflation is very good for people with savings in the banks, who actually won BGN 6.20 per a BGN 100 deposit.
What prices rose in 2013 ?
Garbage fee 4.8%
What prices fell in 2013 ?
Adapted from Standartnews