Bulgaria Inflation March 2018


Bulgaria: Inflation picks up in March

April 16, 2018

Consumer prices dropped 0.3% in March from the previous month, contrasting the 0.3% increase recorded in February. According to the National Statistical Institute of Bulgaria, the increase reflected lower prices in six out of the twelve categories that make up the index; prices were unchanged in one category and increased in the remaining five. Food and non-alcoholic beverages; clothing and footwear; and recreation and culture were among the categories that recorded the steepest price drops.

Inflation increased from 2.0% in February to 2.2% in March. Lastly, average inflation inched up from 2.1% in February to 2.2% in March.

Bulgaria Inflation Forecast

FocusEconomics Consensus Forecast participants expect inflation to close 2018 at 2.1%, which is unchanged from last month’s forecast. In 2019, panelists expect inflation of 2.5%.

Author: Jean-Philippe Pourcelot, Economist

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Bulgaria Inflation Chart

Bulgaria Inflation March 2018 1

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

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