Bulgaria Inflation September 2022

Bulgaria

Bulgaria: Inflation comes in at highest level since May 1998 in September

October 18, 2022

Inflation came in at 18.7% in September, up from August’s 17.7%. September's reading was the highest inflation rate since May 1998. The result was largely due to rising prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels rose at a faster rate.

The trend pointed up, with annual average inflation coming in at 12.8% in September (August: 11.7%). Meanwhile, harmonized inflation rose to 15.6% in September, from August’s 15.0%.

Finally, consumer prices rose 1.23% over the previous month in September, accelerating from August's 1.17% rise. September's uptick marked the highest reading since April.

FocusEconomics panelists project inflation to average 14.8% in 2022, which is up 1.1 percentage points from last month’s forecast, and 8.5% in 2023.


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Bulgaria Inflation September 2022

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


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