Manufacturing inflation in Bulgaria - the highest in the EU

Manufacturing inflation in Bulgaria was the highest in the EU in August, announced the European statistical office Eurostat, referring to the preliminary data submitted by the national statistical institutions.

In Bulgaria, the growth of producer prices for August was 7.1% on an annual basis. Next comes Greece with a manufacturing inflation of 6.8%, followed by Cyprus (6.7%). The lowest growth was recorded in Malta and Slovenia (0.8% in both countries) and Austria (1.1%). The only annual price decrease in industry, registered by statistics in August, was in Sweden (-0.5%).

As a whole, producer prices rose by 2.7% on an annual basis in the Eurozone. Prices in the energy sector rose by 2.4% and 3.2%, respectively.

Compared to July, the highest growth of industrial inflation was registered in Denmark (2.9%), the UK (1.8%) and Finland (1.7%), and the lowest - in Slovenia (0.1%) and Lithuania (0.3%). Bulgaria shares the 5th and 6th place with Romania (1.4% in both countries). Prices remained unchanged in Belgium, Hungary and Malta.

The increase in producer prices (excluding the energy sector) in the Eurozone within a month - from July to August - was 1% and 1.1% in the entire EU. Inflation in the energy sector rose by 7.9% and 7.2%, respectively.

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