Bulgaria Inflation

Bulgaria

Bulgaria: Decrease in consumer prices softens in August

August 12, 2014

In August, consumer prices fell 0.25% over the previous month, which contrasted the 0.43% rise tallied in July. According to the National Statistical Institute, the decrease was mainly driven by lower prices for food and non-alcoholic beverages as well as for clothing and footwear.

Consumer prices in August fell 0.6% over the same month last year, which was softer than the 1.0% decline tallied in the previous month. August’s figure marked the 13th consecutive drop in consumer prices and the weakest decrease since July 2013. Annual average inflation stayed constant at July’s 1.7%.

FocusEconomics Consensus Forecast participants see inflation ending 2014 at 0.3%, which is down 0.1 percentage points from last month’s forecast. In 2015, panelists expect inflation to be 1.6%.


Author: Angela Bouzanis, Senior Economist

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Bulgaria Inflation August 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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