Bulgaria: Inflation hits an almost two-year high in May
June 15, 2015
In May, consumer prices fell 0.17% over the previous month, which contrasted April’s 0.68% increase and marked a four-month low. According to the National Statistical Institute, decreases in consumer prices were recorded in food and non-alcoholic beverages as well as in housing and recreation and culture. Conversely, prices of clothing and footwear as well as transport increased.
Inflation rose from 0.5% in April to 0.9% in May, which marked the highest rate since June 2013. As a result, annual average consumer prices fell 0.5%, which was above April’s 0.8% drop.
Author: Eric Denis , Economist