Bulgaria: Inflation dips to seven-month low in December

Consumer prices remained unchanged from the previous month in December, following a 0.1% month-on-month dip in November. According to the Statistical Institute, December’s reading largely reflected higher prices for housing, water, electricity, gas and other fuels being offset by lower food prices.

Inflation edged down to a seven-month low of 2.7% from 3.1% in November. Despite this, annual average inflation was stable from a month earlier at 2.8%.

Bulgaria Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.9%, which is down 0.1 percentage points from last month’s estimate. For 2020, panelists see inflation ending the year at 2.7%.