In February, consumer prices fell 0.36% over the previous month, which followed the 0.22% drop recorded in January. February's result marked the fastest drop in six months. According to the National Statistical Institute, the figure was mainly driven by lower prices for transport, communication, recreation and culture. Consumer prices fell a record-low 2.6% over the same month last year in February. February's figure marks the seventh consecutive drop in consumer prices and was down from the 2.2% decrease observed in January. Annual average inflation swung from 0.3% in January to minus 0.2% in February. Consensus Forecast participants see inflation ending 2014 at 2.5%, which is unchanged from last month's forecast. In 2015, panelists expect inflation to be 2.9%.
Consumer prices make record drop in February
March 13, 2014
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Bulgaria Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (NSI).
Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.