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.