Prices in Bulgaria Continue to Fall down

[Suzanne]

Prices in Bulgaria have been falling for four months now. In August, the prices of some basic goods fell 0.2% from July, the National Statistical Institute said. Thus, the inflation for the first eight months of the year is negative - minus 0.1%, mainly due to the falling prices of footwear, clothing items, foods and beverages. Last month, the statistical institute reported a deflation of 0.6% on annual basis, against 0.4% in June and 0.3% in May.
The inflation in August was 1.3% y/y.

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[Woodman]

Negitive inflation is good for the consumer but not a positive indication of a good national economy as it can indicate price lowering to offset reduced consumer spending due to less income.