In August, consumer prices fell 0.6% over the previous month, which exceeded the 0.5% drop recorded in July. According to the National Statistical Institute, the reading mainly reflects a decrease in prices for food and non-alcoholic beverages as well as for housing.
On an annual basis, inflation fell to a record low of minus 0.7% in August, contrasting July's rate of 0.5%. As a result of the monthly decrease, annual average inflation dropped from 3.3% in July to 2.9% in August.
The government expects HICP inflation to average 1.8% this year. Consensus Forecast participants see inflation ending the year at 2.5%, which is unchanged from last month's forecast. In 2014, inflation is expected to be 2.9%.
Inflation hits record low in August
September 11, 2013
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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.