Bulgaria: Consumer prices fall for tenth consecutive month
June 12, 2014
In May, consumer prices fell 0.53% over the previous month, which contrasted the 0.30% drop tallied in April and marked the largest decrease in nine months. According to the National Statistical Institute, the figure was mainly driven by lower prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.
Consumer prices fell 2.0% over the same month last year in May, which followed the 1.6% decline tallied in the previous month. May’s figure marked the tenth consecutive drop in consumer prices. Annual average inflation fell from minus 0.9% in April to a record low of minus 1.2% in May.
Author: Dirina Mançellari, Senior Economist