Inflation rate climbs to 3.3 percent

The Central Statistical Office (GUS) informed on Tuesday that prices paid by consumers in November were 3.3 percent higher than in the same month of the previous year.
The y/y inflation was 0.2 percent higher than in October. The prices were pulled up mainly by the food sector, where the increase was 0.7 percent as compared to the previous month and the price of petrol which jumped 0.9 percent.
The main reason behind the more than 3 percent increase in prices was an escalation in fees on apartments and food prices. The inflation would have been even higher if it was not for a fall in the prices of clothing and shoes.

According to analysts, in December as well as in January the inflation will again be higher, but next year the dynamics will begin to reverse. Within less than six months, the inflation rate is projected to drop to 2.5 percent, according to the targets of the Monetary Policy Council.