Bulgaria Inflation


Inflation drops further to 10 month low

In April, consumer prices fell 0.4% over the previous month, which followed the 0.5% drop recorded in March. According to the National Statistical Institute, the reading reflects a drop in prices for housing and energy, as well as for food and non-alcoholic beverages.

On an annual basis, inflation dropped from 2.7% in March to 2.0% in April, marking the lowest rate in 10 months. Nevertheless, annual average inflation inched up to 3.4% from 3.3% in March.

The government expects HICP inflation to average 1.8% this year. Consensus Forecast participants see inflation ending the year at 2.9%, which is down 0.1 percentage points from last month's forecast. In 2014, inflation is expected to end at 3.2%.


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Bulgaria Inflation Chart

Bulgaria Inflation April 2013

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

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