Bulgaria: Consumer prices fall for nine consecutive months
May 13, 2014
In April, consumer prices rose 0.30% over the previous month, which contrasted the 0.23% drop tallied in March and marked the highest increase in six months. According to the National Statistical Institute, the figure was mainly driven by higher prices for food and non-alcoholic beverages as well as for clothing and footwear.
Consumer prices fell 1.6% over the same month last year in April, which followed the 2.3% decline tallied in the previous month and marked the slowest fall in four months. April's figure marked the ninth consecutive drop in consumer prices. Annual average inflation fell from minus 0.6% in March to minus 0.9% in April.
FocusEconomics Consensus Forecast participants see inflation ending 2014 at 1.5%, which is down 0.4 percentage points from last month's forecast. In 2015, panelists expect inflation to be 2.6%.
Author: Dirina Mançellari, Senior Economist