Bulgaria Inflation


Bulgaria: Consumer prices fall in 2014

January 13, 2015

In December, consumer prices recorded zero growth over the previous month, which was up from November’s 0.37% decrease. According to the National Statistical Institute, decreases in consumer prices were recorded in food and non-alcoholic beverages, as well as in clothing and footwear. In contrast, prices for transport along with restaurants and hotels increased compared to the previous month.

Annual consumer prices fell 0.9% in 2014 in December (November: -0.6% year-on-year). The result followed 2013’s 1.6% decrease. In addition, December’s figure marked the 17th consecutive drop in annual consumer prices. Annual average consumer prices fell 1.4% in December, which was slightly less than November’s 1.5% drop.

FocusEconomics Consensus Forecast participants see inflation flat in 2015, which is down 0.3 percentage points from last month’s forecast. In 2016, panelists expect inflation to be 1.6%.

Author: Angela Bouzanis, Senior Economist

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Bulgaria Inflation Chart

Bulgaria Inflation December 2014 0

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

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