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14.2% Annual Inflation In Bulgaria

Bulgaria's annual inflation is up to 14.2% in March compared to 13.2% the previous month.

The reason was provoked mainly from high food prices, says statistical data announced on Monday.

The consumer prices increased to 0.8% m/m in March from 1.1% in February.

IMF sees inflation dropping to 7% by the end of the year, hoping that grain crops will increase from last year's drought-hit levels, avoiding renewed food price hikes, commented from Reuters.

The inflation by the end of last year was 12.5%, one of the highest rates in the EU.