Bulgaria Inflation August 2021

Bulgaria

Bulgaria: Inflation hits 18-month high in August

September 15, 2021

Consumer prices rose 0.77% in August over the previous month, matching July's reading. Looking at the details of the release, prices for food and non-alcoholic beverages rose in August, while prices for housing, water, electricity, gas and other fuels grew at a softer pace.

Inflation came in at 3.7% in August, up from July’s 3.0%. August's result marked the highest inflation rate since February 2020. Annual average inflation rose to 1.3% in August (July: 1.1%). Finally, harmonized inflation rose to 2.5% in August, from the previous month's 2.2%.

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


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Bulgaria Inflation August 2021

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


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