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Bulgaria Enters Deflation Zone
A larger-than-expected correction in food prices led to 0.1% deflation in November, Raiffeisen Research says.
Bulgaria Enters Deflation Zone / Picture: © Vindobona.org
The inflation rate reported for November 2012 amounted to -0.1% mom. This value was lower than our forecast for a 0.4% increase of the price level, and the difference was explained mainly by the price decline in the foods group (-0.3%). Of that group, fruits were characterized with the largest monthly decrease (-5.4%), followed by vegetables (-1.3%). The price of meat…
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