Inflation in Bulgarian business services sector remains high

According to data from the National Statistical Institute (NSI) published on Friday, the price of services provided by Bulgarian companies rose by 4.4% year-on-year in the second quarter.

The Producer Price Index (PPI) for services, compiled since the beginning of this year, measures the average change in prices of services produced and sold by domestic producers. The survey does not cover imported services, that is services provided by enterprises registered in other countries. 

Official statistics also show that on a quarterly basis the index has risen by 0.9%.

The leader in business services inflation is the hotel and restaurant sector, where wholesale prices have "jumped" by 7.3 percent compared to the second quarter. In the second place, although with a significantly lower result, is the real estate sector, where service inflation accelerated by 2.4 percent.

The administrative and support activities sector is in third place, with a service price increase of 1.64 percent. This includes the activities of travel agencies and tour operators, security and investigation companies, landscaping studios, and others.

Translated by Tzvetozar Vincent Iolov