Bulgaria Inflation May 2020

Bulgaria

Bulgaria: Inflation at nearly three-year low in May amid lockdown and falling prices for transport

June 15, 2020

Consumer prices fell 0.3% from the previous month in May, following April’s sharper 0.6% drop. According to the Statistical Institute, May’s fall largely reflected lower prices for transport, and recreation and culture more than offsetting higher prices for furnishings and household equipment.

Meanwhile, inflation slumped to 1.3% from April’s 1.8%, marking the lowest reading since July 2017. Lastly, annual average inflation eased from April’s 3.0% to 2.8% in May.

FocusEconomics Consensus Forecast panelists project inflation to average 2.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, panelists project inflation to average 2.3%.


Author: Massimo Bassetti, Senior Economist

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Bulgaria Inflation May 20 20

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


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