Bulgaria Inflation January 2020


Bulgaria: Inflation at seven-year high in January

February 14, 2020

Consumer prices increased 0.9% from the previous month in January, following December’s 0.7% rise. According to the Statistical Institute, January’s increase largely reflected higher prices for food and non-alcoholic beverages, recreation and culture and housing and utilities which more than offset lower prices for clothing and footwear.

Meanwhile, inflation soared to 4.2% from December’s 3.8%, marking the highest level since January 2013. Lastly, annual average inflation inched up from 3.1% in December to 3.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.7% in 2020, which is unchanged from last month’s estimate. For 2021, panelists see inflation averaging 2.6%.

Author: Massimo Bassetti, Economist

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Bulgaria Inflation Chart

Bulgaria Inflation January 20 20

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

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