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Deflation for the first time in an year

published on 6/14/23 2:18 PM

Photo: ЕПА/БГНЕС

The National Statistical Institute reported deflation of 0.1% in May for the first time in a year. Year-on-year inflation was 10.1 per cent.

Prices were down in four consumer categories - entertainment and culture; transport; housing, water, electricity, gas and other fuels; and communications.

In food, the prices of peppers, cucumbers, tomatoes and eggs have dropped the most. The largest price increases were recorded in alcohol and cigarettes, clothing and footwear, health and education, food and non-alcoholic beverages.

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Radio Bulgaria Economy deflation May prices

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Deflation for the first time in an year

More from category

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

The EBRD lowers growth forecasts, but is optimistic about inflation

The largest flow of investments to Bulgaria is from the Netherlands, outflow is to Russia

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses