Bulgaria Inflation December 2020

Bulgaria

Bulgaria: Inflation drops to four-year low in December

January 18, 2021

Consumer prices rose 0.52% in November over the previous month, above the 0.11% rise seen in November. December’s reading largely reflected higher prices for transport.

Inflation came in at 0.1% in December, which was down from November’s 0.4%. December's figure marked the weakest inflation rate since December 2016. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 1.7% in December (November: 2.0%). Harmonized inflation was flat in December, following November’s 0.3% rise.

FocusEconomics Consensus Forecast panelists project inflation to average 2.1% in 2021, which is unchanged from last month’s forecast. For 2022, panelists project inflation to average 2.3%.


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Bulgaria Inflation December 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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