Bulgarian Inflation Quickened in January on Energy Costs

Bulgarian inflation accelerated in January as spending on heating, electricity and transport increased on cold weather.

Consumer prices rose 4.4 percent from a year earlier, compared with a 4.2 percent increase in December, the National Statistics Institute in Sofia said in a statement today. The median estimate of four economists surveyed by Bloomberg was 4.4 percent. The inflation rate was unchanged at 0.4 percent from the previous month.

Bulgaria, the European Union’s poorest country in terms of economic output per capita, withstood the global recession without an international bailout. Inflation, calculated using European Union methodology, will accelerate 3.4 percent in 2013, the government forecast on Oct. 3.