In February, consumer prices rose 1.23% over the previous month, which was above the 0.64% increase recorded in January. The higher reading mainly reflected price increases for food and non-alcoholic beverages (+3.05% month-on-month) as well as for transport (+1.20% mom). The recent hikes in food and transport prices have triggered public protests and the government pledged to set up a special body that will monitor food prices to control speculation, including a system that will enable consumers to track food prices from producer to retail stage. Owing to the pronounced price increase, annual inflation jumped from 4.5% in January to 5.2%, well above market expectations, which had inflation remaining at 4.5%. Annual average inflation rose from 2.8% in January to 3.1% in February. Meanwhile, at its latest policy meeting on 28 February, the Central Bank set the base interest rate at 0.18%, down marginally from the previous 0.19%. The government expects inflation to average 3.6% this year.
Inflation jumps in February on higher food prices
March 15, 2011
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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.