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Cheap Food Pulls Down Inflation Rate in Bulgaria

Date: 15.07.2011

In June 2011 inflation rate in Bulgaria dropped to negative 0.9 % owing mostly to the low prices of foods and beverages, the national statistical institute said. As a result, the annual inflation is only 4.8 %.

Given an average interest rate of 6.75 % at most commercial banks in the country, saving in bank deposits is still a bargain.

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