According to figures from the National Statistical Institute, consumer price inflation in Bulgaria decreased for the fifth consecutive month in May but remained high.
Slower than the 11.6 percent increase in April, the Consumer Price Index, or CPI, increased by 10.1 percent in May.
Since prices increased by 10.0 percent in February 2022, the most recent inflation rate was the lowest.
In May, the annual increase in food and non-alcoholic beverage prices was 14.4%. Health expenditures increased by 12.0% while the cost of other goods and services increased by 15.8%.
In the meantime, the price of utilities, such as housing, water, electricity, gas, and other fuels, increased by 11.8 percent. The price of transportation dropped by 9.5%.
Consumer prices decreased by 0.1 percent on a monthly basis in May after increasing by 0.3 percent the previous month.
Source: RTT News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
