Bulgaria Inflation September 2016

Bulgaria

Bulgaria: Consumer prices fall annually for eighth consecutive month in September

October 12, 2016

In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August. According to the National Statistical Institute, the decline was mainly driven by lower prices for transport, restaurants and hotels as well as for recreation and culture. A rise in prices for housing and utilities was not enough to prevent an overall monthly decrease in September.

On an annual basis, consumer prices fell 0.6% in September, which followed the 0.3% drop observed in August. Consumer prices have been falling uninterruptedly since February 2016. Meanwhile, the annual average variation in consumer prices stabilized at August’s minus 0.8% in September.

FocusEconomics Consensus Forecast participants expect zero inflation in 2016, which is unchanged from last month’s forecast. In 2017, panelists expect inflation of 1.5%, which is up 0.1 percentage points from last month’s forecast.


Author:, Economist

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Bulgaria Inflation September 2016 0

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


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