Bulgaria Inflation August 2016

Bulgaria

Bulgaria: Consumer prices fall annually for seventh consecutive month in August

September 13, 2016

In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July. According to the National Statistical Institute, the decline was mainly driven by lower prices for transport and communication. A rise in prices for food and non-alcoholic beverages was not enough to prevent an overall monthly decrease in August.

On an annual basis, consumer prices fell 0.3% in August, which followed the 0.2% drop observed in July. Meanwhile, the annual average variation in consumer prices stabilized at July’s minus 0.8% in August.

FocusEconomics Consensus Forecast participants expect zero inflation in 2016, which is down 0.2 percentage points from last month’s forecast. In 2017, panelists expect inflation of 1.4%.


Author:, Economist

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Bulgaria Inflation August 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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