Bulgaria Inflation May 2016


Consumer prices decrease again in May

In May, consumer prices were unchanged over the previous month, which mirrored April’s reading. According to the National Statistical Institute, the flat reading was the result of a mix of price increases and decreases across categories. A surge in prices for transport did not compensate for the fall in prices for the other goods.

On an annual basis, consumer prices fell 2.0% in May, which was a smaller drop than the 2.2% decrease recorded in April. Meanwhile, annual average variation in consumer prices was slightly lower in May than in April, inching down from minus 0.4% to minus 0.6%.

FocusEconomics Consensus Forecast participants see inflation at 0.3% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists expect inflation of 1.6%.

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Bulgaria Inflation Chart

Bulgaria Inflation May 2016

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (NSI).

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