Bulgaria Inflation February 2021

Bulgaria

Bulgaria: Consumer prices fall at softer annual rate in February

March 15, 2021

Consumer prices rose 0.61% over the previous month in February, picking up from January's 0.19% increase and marking the sharpest rise in prices since October 2020. The pick up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, and transportation.

Consumer prices fell 0.1% on an annual basis in February, a less pronounced drop compared to January’s 0.6% decrease. Meanwhile, the trend pointed down, with annual average inflation coming in at 1.0% in February (January: 1.3%). Lastly, harmonized inflation rose 0.2% in February, contrasting January’s 0.3% year-on-year fall in prices.

FocusEconomics Consensus Forecast panelists project inflation to average 1.9% in 2021, which is unchanged from last month’s forecast. For 2022, panelists project inflation to average 2.2%.


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Bulgaria Inflation February 2021

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


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