Bulgaria Inflation February 2022

Bulgaria

Bulgaria: Inflation comes in at highest level nearly 14 years in February

March 14, 2022

Consumer prices increased 1.36% from the previous month in February, below the 1.54% increase recorded in January. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels dropped after growing in the previous month. However, prices for food and non-alcoholic beverages increased at a quicker pace in February.

Inflation rose to 10.0% in February, following January’s 9.2%. February's reading marked the highest inflation rate since October 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.0% in February (January: 4.1%). Finally, harmonized inflation rose to 8.4% in February, from January’s 7.7%.

FocusEconomics Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 percentage points from last month’s forecast. For 2023, panelists project inflation to average 3.4%.


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Bulgaria Inflation February 2022

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


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