Bulgaria Inflation

Bulgaria

Bulgaria: Consumer prices record eleventh consecutive drop in June

July 15, 2014

In June, consumer prices fell 0.37% over the previous month, which followed the 0.53% drop tallied in May. 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 1.9% over the same month last year in June, which was virtually in line with the 2.0% decline tallied in the previous month. June’s figure marked the eleventh consecutive drop in consumer prices. Annual average inflation fell from minus 1.2% in May to a record low of minus 1.6% in June.

FocusEconomics Consensus Forecast participants see inflation ending 2014 at 0.7%, which is down 0.5 percentage points from last month’s forecast. In 2015, panelists expect inflation to be 1.9%.


Author:, Senior Economist

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Bulgaria Inflation June 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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