Bulgarian inflation decelerated in June as the euro-area’s debt crisis damped demand and a seasonal abundance of fruits and vegetables cut food costs.
Consumer prices rose 1.6 percent from a year earlier, compared with a 1.7 percent increase in May, the National Statistics Institute in Sofia said in a statement today. Prices fell 1 percent from May.
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 firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com