Bulgaria Inflation October 2020

Bulgaria

Bulgaria: Inflation drops to near four-year low in October

November 16, 2020

Consumer prices rose 0.64% over the previous month in October, contrasting the 0.63% fall seen in September and marking the sharpest increase in prices since January. Looking at the details of the release, prices for food and non-alcoholic beverages rose in October, as did prices for housing, water, electricity, gas and other fuels. Meanwhile, transportation prices fell from the previous month.

Inflation ticked down to 0.8% in October, from September’s 0.9%. October's result marked the weakest inflation rate since December 2016. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.2% in October (September: 2.3%). Lastly, harmonized inflation was steady, coming in at September's 0.6% in October.

FocusEconomics Consensus Forecast panelists project inflation to average 2.2% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, panelists project inflation to average 2.3%.


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Bulgaria Inflation October 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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