Bulgaria Inflation


Inflation hits record low in August

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%.

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Bulgaria Inflation Chart

Bulgaria Inflation August 2013

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

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