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Bulgaria Inflation May 2023

Bulgaria: Inflation drops in May

Inflation dropped to 10.1% in May, following April’s 11.6%. May’s figure represented the weakest inflation rate since February 2022. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, and transportation.

Annual average inflation fell to 15.8% in May (April: 16.3%). Meanwhile, harmonized inflation fell to 8.6% in May, from the previous month’s 10.3%.

Lastly, consumer prices fell 0.14% in May over the previous month, swinging from April’s 0.32% rise. May’s result marked the weakest reading since June 2021.

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