Bulgarian inflation falls to 3.6% in February

Bulgaria's 12-month inflation dropped sharply to 3.6 percent in February from 4.4 percent in January on falling food, beverages, alcohol and tobacco prices, the national statistical institute said on Wednesday.

On a month-on-month basis, the consumer price index (CPI) in the non-eurozone EU member registered 0.1-percent inflation in February, down from 0.4 percent the previous month.

Using the European Union's harmonised index of consumer prices (HICP), the European Central Bank's inflation yardstick, 12-month inflation was 2.2 percent in February, down from 2.6 percent a month earlier.

Inflation in Bulgaria averaged 3.0 percent in 2012, just below the government's target of 3.2 percent and is expected to be around 3.4 percent this year.