Bulgaria Inflation April 2020


Bulgaria: Inflation at over 2-year low in April amid lockdown and falling fuel prices

May 18, 2020

Consumer prices fell 0.6% from the previous month in April, matching March’s drop. According to the Statistical Institute, April’s fall largely reflected lower prices for transport, utilities and fuel prices more than offsetting higher prices for clothing and footwear and food and non-alcoholic beverages.

Meanwhile, inflation slumped to 1.8% from March’s 3.0%, marking the lowest reading since January 2018. Lastly, annual average inflation eased from March’s 3.2% to 3.0% in April.

FocusEconomics Consensus Forecast panelists project inflation to average 2.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, panelists project inflation to average 2.3%.

Author: Massimo Bassetti, Senior Economist

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Bulgaria Inflation Chart

Bulgaria Inflation April 20 20 0

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

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