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.
Author: Dirina Mançellari, Senior Economist