Bloomberg News

Bulgarian Inflation Unchanged in May From April on Low Demand

June 12, 2012

Bulgaria’s inflation rate was steady in May from the previous month as the euro area’s debt crisis kept a lid on demand and price growth.

Consumer prices rose 1.7 percent from a year earlier, the National Statistics Institute in Sofia said in a statement today. The median estimate of four economists surveyed by Bloomberg was 1.6 percent. Prices fell 0.1 percent from April.

Bulgaria, the European Union’s poorest country in terms of economic output per capita, withstood the global recession in 2009 without an international bailout.

The country’s EU-harmonized inflation will ease to 2.6 percent on average in 2012 and 2.7 percent in 2013, the EU forecast on May 11.

To contact the reporter on this story: Elizabeth Konstantinova in Sofia at ekonstantino@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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