Negative Monthly Inflation Registered in May

Business » FINANCE | June 12, 2014, Thursday // 12:14| Views: 3556 | Comments: 0
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Bulgaria: Negative Monthly Inflation Registered in May File photo.

The monthly inflation in May was -0.5% and the consumer price index for the same month was 99.5 %, according to Bulgaria's National Statistical Institute latest data.

The inflation rate since the beginning of the year (May 2014 compared to December 2013) has been -1.0% and the annual inflation in May 2014 compared to May 2013 was -2.0 %.

The annual average inflation, measured by CPI, in the last 12 months (June 2013 - May 2014) compared to the previous 12 months (June 2012 - May 2013) was -1.2 %.

In May 2014 compared to the previous month the prices of goods and services in the main consumer groups have changed as follows: food and non-alcoholic beverages - a decrease of 1.0%; alcoholic beverages and tobacco - the prices remained at the level of the previous month. Clothing and footwear prices saw an increase of 0.1%, and for housing (rentals, maintenance and repair), water, electricity, gas and other fuels the prices remained at the level of the previous month.

The harmonized index of consumer prices in May 2014 compared to April 2014 was 99.5 %, i.e. the monthly inflation was -0. 5 %. The inflation rate since the beginning of the year (May 2014 compared to December 2013) has been -1.4 % and the annual inflation in May 2014 compared to May 2013 was -1. 8 %. The annual average inflation, measured by HICP, in the last 12 months (June 2013 - May 2014) compared to the previous 12 months (June 2012 - May 2013) was -1.0%.

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Tags: inflation, consumer price index, CPI, harmonized index of consumer prices, HICP
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