Bulgaria Inflation April 2021

Bulgaria

Bulgaria: Inflation comes in at highest level since March 2020 in April

May 17, 2021

Consumer prices increased 0.70% in April over the previous month, accelerating from March's 0.06% rise. April's figure marked the sharpest increase in prices since January 2020. The reading chiefly reflected rising prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels rose.

Inflation rose to 2.0% in April, from March’s 0.6%, marking the highest reading since March 2020. Meanwhile, the trend was unchanged, with annual average inflation coming in at March's 0.8% in April. Lastly, harmonized inflation rose to 2.0% in April from March’s 0.8% increase.

FocusEconomics Consensus Forecast panelists project inflation to average 1.8% in 2021, which is unchanged from last month’s forecast. For 2022, panelists project inflation to average 2.2%.


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Bulgaria Inflation April 2021

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


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