Bulgaria Inflation March 2020


Bulgaria: Inflation falls in March

April 15, 2020

Consumer prices fell 0.6% from the previous month in March, contrasting February’s 0.1% uptick. According to the Statistical Institute, February’s increase largely reflected lower prices for transport; recreations and culture; communications; and clothing and footwear.

Meanwhile, inflation slid to 3.0% from February’s 3.7%, marking the lowest reading in five months. Lastly, annual average inflation was stable at February’s 3.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.7% in 2020, which is unchanged from last month’s estimate. For 2021, panelists see inflation averaging 2.6%.

Author: Massimo Bassetti, Economist

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Bulgaria Inflation Chart

Bulgaria Inflation March 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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