Bulgaria Inflation May 2022

Bulgaria

Bulgaria: Inflation comes in at a 24-year high in May

June 15, 2022

Consumer prices rose 1.21% in May over the previous month, slowing down from April's 2.46% increase. May's result marked the weakest reading since December 2021. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, housing, water, electricity, gas and other fuels and transportation.

Inflation came in at 15.6% in May, which was up from April’s 14.4%. May's result marked the highest inflation rate since May 1998. Meanwhile, the trend pointed up, with annual average inflation coming in at 8.1% in May (April: 7.0%). Lastly, harmonized inflation rose to 13.4% in May, from the previous month's 12.1%.

FocusEconomics panelists project inflation to average 12.0% in 2022, which is up 1.1 percentage points from last month’s forecast, and 4.9% in 2023.


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Bulgaria Inflation May 2022 0

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


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