Bulgaria Inflation October 2021

Bulgaria

Bulgaria: Inflation comes in at highest level since January 2009 in October

November 15, 2021

Consumer prices increased 1.82% in October over the previous month, accelerating from the 0.40% rise recorded in September. October's uptick was the sharpest increase in prices since August 2007. The result was driven by rising prices for food and non-alcoholic beverages, and housing and utilities.

Inflation came in at 6.0% in October, up from September’s 4.8%. October's reading marked the highest inflation rate since January 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.1% in October (September: 1.7%). Lastly, harmonized inflation rose to 5.2% in October, from September’s 4.0%.

FocusEconomics Consensus Forecast panelists project inflation to average 2.7% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, panelists project inflation to average 2.4%.


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Bulgaria Inflation October 2021

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


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