Bulgaria: Inflation decelerates in June
July 31, 2015
In June, consumer prices fell 0.9% over the previous month, which was below May’s 0.2% decrease and marked a three-year low. According to the National Statistical Institute, decreases in consumer prices were recorded in food and non-alcoholic beverages as well as in clothing and footwear. Conversely, prices of alcoholic beverages and tobacco as well as restaurants and hotels increased.
Inflation fell from 0.9% in May to 0.4% in June, which marked the lowest reading in three months. Despite the deceleration, annual average consumer prices inched up from a 0.5% fall in May to a 0.3% drop in June.
Author: Eric Denis , Economist