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Deflation
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=== EU countries === The inflation rate of [[Greece]] was negative during three years from 2013 to 2015. The same applies to [[Bulgaria]], [[Cyprus]], [[Spain]], and [[Slovakia]] from 2014 to 2016. Greece, Cyprus, Spain, and Slovakia are members of the [[European monetary union]]. The Bulgarian currency, the [[Bulgarian lev|lev]], is [[currency peg|pegged]] to the [[Euro]] with a fixed exchange rate. In the entire [[European Union]] and the [[Eurozone]], a [[disinflation]]ary development was to be observed in the years 2011 to 2015. {| class="wikitable" style="text-align:center" |- ! Year !! Bulgaria !! Greece !! Cyprus !! Spain !! Slovakia !! EU !! Eurozone |- | 2011 || 3.4 || 3.1 || 3.5 || 3.0 || 4.1 || 3.1 || 2.7 |- | 2012 || 2.4 || 1.0 || 3.1 || 2.4 || 3.7 || 2.6 || 2.5 |- | 2013 || 0.4 || style="background: yellow;"| β0.9 || 0.4 || 1.5 || 1.5 || 1.5 || 1.4 |- | 2014 || style="background: yellow;"| β1.6 || style="background: yellow;"| β1.4 || style="background: yellow;"| β0.3 || style="background: yellow;"| β0.2 || style="background: yellow;"| β0.1 || 0.6 || 0.4 |- | 2015 || style="background: yellow;"| β1.1 || style="background: yellow;"| β1.1 || style="background: yellow;"| β1.5 || style="background: yellow;"| β0.6 || style="background: yellow;"| β0.3 || 0.1 || 0.2 |- | 2016 || style="background: yellow;"| β1.3 || 0.0 || style="background: yellow;"| β1.2 ||style="background: yellow;"| β0.3 || style="background: yellow;"| β0.5 || 0.2 || 0.2 |- | 2017 || 1.2 || 1.1 || 0.7 || 2.0 || 1.4 || 1.7 || 1.5 |} Table: [[Harmonised index of consumer prices]]. Annual average rate of change (%) (HICP inflation rate).<ref>{{cite web |publisher=Eurostat|title=HICP - inflation rate |url=https://ec.europa.eu/eurostat/databrowser/view/tec00118/default/table?lang=en |access-date=8 February 2021}}</ref> Negative values are highlighted in colour.
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