Bulgaria Inflation

Bulgaria

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.

FocusEconomics Consensus Forecast participants see inflation ending 2014 at 1.2%, which is down 0.3 percentage points from last month’s forecast. In 2015, panelists expect inflation to be 2.1%.


Author:, Senior Economist

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Bulgaria Inflation Chart


Bulgaria Inflation May 2014 0

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


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