Bulgaria Inflation April 2022


Bulgaria: Inflation comes in at highest level since July 2008 in April

May 17, 2022

Consumer prices increased 2.46% in April over the previous month, after the 2.22% increase recorded in March. April's result marked the highest reading since August 2007. The result was driven by rising prices for food and non-alcoholic beverages and housing, water, electricity, gas and other fuels.

Inflation increased to 14.4% in April, following March’s 12.4%. April's figure marked the highest inflation rate since July 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.0% in April (March: 6.0%). Lastly, harmonized inflation rose to 12.1% in April, from March’s 10.5%.

FocusEconomics panelists project inflation to average 10.9% in 2022, which is up 3.2 percentage points from last month’s forecast, and 4.7% in 2023.


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Bulgaria Inflation Chart

Bulgaria Inflation April 2022

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

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