Bulgaria Inflation November 2020


Bulgaria: Inflation falls to lowest level since December 2016 in November

December 15, 2020

Consumer prices rose 0.11% in November over the previous month, below the 0.64% rise seen in October. The moderation largely reflected weaker price pressures for alcoholic beverages and tobacco as well as for clothing and footwear.

Inflation came in at 0.4% in November, which was down from October’s 0.8%. November's figure marked the weakest inflation rate since December 2016. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 2.0% in November (October: 2.2%). Harmonized inflation fell to 0.3% from the previous month's 0.6%.

FocusEconomics Consensus Forecast panelists project inflation to average 2.1% 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 Chart

Bulgaria Inflation November 20 20 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (NSI).

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