Bulgaria Inflation February 2020

Bulgaria

Bulgaria: Inflation moderates in February

March 16, 2020

Consumer prices increased a modest 0.1% from the previous month in February, following January’s 0.9% jump. According to the Statistical Institute, February’s increase largely reflected higher prices for food and non-alcoholic beverages and restaurants and hotels which more than offset lower prices for clothing and footwear and transport.

Meanwhile, inflation dropped to 3.7% from January’s 4.1%, which had marked the highest level since January 2013. Lastly, annual average inflation inched was unchanged at January’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 February 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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