Bulgaria Inflation August 2020


Bulgaria: Inflation remains stable in August

September 15, 2020

Consumer prices rose 0.04% over the previous month in August, moderating from July's 0.47% rise. August’s reading largely reflected higher prices for transport as well as recreation and culture. Moreover, prices for alcoholic beverages and tobacco also increased.

Inflation came in at 1.2% in August, matching the previous month’s reading and marking the lowest reading since December 2016. Meanwhile, annual average inflation edged down to 2.5% in August (July: 2.6%). Lastly, harmonized inflation rose to 0.6% from July’s 0.4%.

FocusEconomics Consensus Forecast panelists project inflation to average 2.0% in 2020, which is up 0.4 percentage points from last month’s forecast. For 2021, panelists project inflation to average 2.3%.


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Bulgaria Inflation Chart

Bulgaria Inflation August 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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