Bulgaria Inflation May 2021

Bulgaria

Bulgaria: Inflation comes in at highest level in over a year in May

June 15, 2021

Consumer prices increased 0.14% in May over the previous month, a smaller increase than April's 0.70% rise. Looking at the details of the release, price pressures for food and non-alcoholic beverages, and transportation eased compared to the previous month.

Inflation came in at 2.5% in May, up from April’s 2.0%. May's result represented the highest inflation rate since March 2020. Annual average inflation ticked up to 0.9% in May (April: 0.8%). Lastly, harmonized inflation rose to 2.3% in May, from the previous month's 2.0%.

FocusEconomics Consensus Forecast panelists project inflation to average 1.9% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists project inflation to average 2.3%.


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Bulgaria Inflation May 2021

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


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