Bulgaria Inflation July 2021

Bulgaria

Bulgaria: Inflation increases in July

August 16, 2021

Consumer prices rose 0.77% over the previous month in July, contrasting June's 0.21% drop. July's figure marked the sharpest increase in prices since January 2020, and was driven by rising housing and transport costs, while food prices also fell at a softer rate this month.

Inflation ticked up to 3.0% in July, slightly above June’s 2.7%. July's result was the highest inflation rate since March 2020. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 1.1% in July (June: 1.0%). Lastly, harmonized inflation fell to 2.2% in July, from June’s 2.4%.

FocusEconomics Consensus Forecast panelists project inflation to average 2.1% in 2021, which is unchanged from last month’s forecast. For 2022, panelists project inflation to average 2.3%.


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Bulgaria Inflation July 2021 0

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


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