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Bulgaria's annual inflation eases to 2.3% in May

Jun 14, 2024, 11:16:14 AMArticle by Mihaela Miteva
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June 14 (SeeNews) - Bulgaria's consumer prices grew by an annual 2.3% in May, following a 2.4% year-on-year climb in April, the National Statistical Institute (NSI) said on Friday.

Bulgaria's annual inflation eases to 2.3% in May
Image source: NSI, Steve Buissinne from Pixabay

In monthly comparison terms, consumer prices edged down by 0.2% last month after a slip of 0.3% in April, NSI said in a monthly report.

Compared to the previous month, prices in May declined the most in communications, by 1.5%, followed by recreation and culture with a 1% fall. In contrast, the highest monthly price increase was registered in alcoholic beverages and tobacco, at 1%.

Bulgaria's inflation rate since the beginning of the year stood at 0.4%, while the average annual inflation for the past 12 months was 5.1%, NSI data showed.

Annual inflation under the Harmonised Index of Consumer Prices (HICP), which allows comparison on the same terms among all EU member states, sped up to 2.7% in May from 2.5% in April. In monthly terms, EU-harmonised consumer prices remained unchanged last month after dipping by 0.1% in April.

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