Bulgaria: Inflation drops in May
Inflation dropped to 10.1% in May, following April’s 11.6%. May’s figure represented the weakest inflation rate since February 2022. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, and transportation.
Annual average inflation fell to 15.8% in May (April: 16.3%). Meanwhile, harmonized inflation fell to 8.6% in May, from the previous month’s 10.3%.
Lastly, consumer prices fell 0.14% in May over the previous month, swinging from April’s 0.32% rise. May’s result marked the weakest reading since June 2021.