Bulgaria Inflation


Consumer prices fall at a slower pace in March

In March, consumer prices fell 0.23% over the previous month, which followed the 0.36% drop recorded in February. According to the National Statistical Institute, the figure was mainly driven by lower prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.

Consumer prices fell 2.3% over the same month last year in March, which followed the 2.6% decline tallied in the previous month-the fastest drop on record. March's figure marks the eight consecutive drop in consumer prices. Annual average inflation fell from minus 0.2% in February to minus 0.6% in March.

Consensus Forecast participants see inflation ending 2014 at 1.5%, which is down 0.4 percentage points from last month's forecast. In 2015, panelists expect inflation to be 2.6%.

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Bulgaria Inflation Chart

Bulgaria Inflation March 2014

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (NSI).

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