Annual inflation declined by 1%, now stands at 17.6%
![Annual inflation declined by 1%, now stands at 17.6%](https://bnt.bg/f/news/b/311/5aa10e924d71e3a933c9081c130dbd56.jpeg)
Annual inflation in October declined by 1.1%, according to the National Statistical Institute.
Its level was 17.6% against 18.7% in September.
In October 2022, compared to the previous month, the largest price increase was in the groups:
- Clothing and footwear (+7.0%)
- Entertainment & Culture (+2.7%)
- Food and non-alcoholic beverages (+2.3%)
Price decreases were recorded in the groups:
- Housing
- Water
- Electricity
- Gas and other fuels (-2.1%)
- Transport (-1.4%) and Communications (-0.1%)
Year-to-date inflation (October 2022 compared to December 2021) is 15.0%.
According to the small basket price index, October 2022 saw a 1.9% month-on-month increase and a 19.7% year-to-date (October 2022 compared to December 2021) increase.
In October 2022, the prices of goods and services in the small basket for the lowest income 20% of households changed from the previous month as follows:
- Non-food goods - 3% increase
- Food products - increase of 2%
- Services - 0.1% increase