Bulgaria Inflation June 2016


Bulgaria: Consumer prices drop annually for a sixth consecutive month in July

July 13, 2016

In July, consumer prices jumped 1.0% over the previous month, which contrasted the 0.1% drop tallied in June. The print represented the largest monthly increase since September 2012. According to the National Statistical Institute, the increase was mainly driven by higher prices for transport, food and non-alcoholic beverages as well as recreation and hotels. A drop in prices for clothing and footwear was not enough to prevent an overall monthly increase in July.

On an annual basis, consumer prices fell 0.2% in July, which was smaller than the 1.3% drop observed in June. Meanwhile, the annual average variation in consumer prices stabilized at June’s minus 0.8% in July.

FocusEconomics Consensus Forecast participants see inflation at 0.2% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists expect inflation of 1.6%.

Author:, Economist

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