Bulgaria Inflation August 2019

Bulgaria

Bulgaria: Inflation stable in August

September 16, 2019

Consumer prices inched up 0.1% from the previous month in August, following July’s 0.8% jump. According to the Statistical Institute, August’s increase largely reflected higher prices for food and non-alcoholic beverages, health, and restaurants and hotels, which more than offset markedly lower prices for clothing and footwear.

Inflation was stable at July’s 2.9% in August, while annual average inflation remained inched down from July’s 3.3% to 3.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.0% in 2019, which is up 0.1 percentage points from last month’s estimate. For 2020, panelists see inflation averaging 2.7%.


Author: Massimo Bassetti, Economist

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Bulgaria Inflation August 2019

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


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