Bulgaria Inflation October 2019

Bulgaria

Bulgaria: Inflation ticks up in October

November 13, 2019

Consumer prices jumped 0.8% from the previous month in October, contrasting September’s 0.3% drop. According to the Statistical Institute, October’s increase largely reflected a surge in prices for clothing and footwear as well as for recreation and culture, and higher prices for food and non-alcoholic beverages.

Inflation inched up to 2.4% from September’s 2.3%, which had marked the lowest reading since April 2018. Lastly, annual average inflation inched down from September’s 3.1% to 3.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.7% in 2020, which is up 0.1 percentage points from last month’s estimate. For 2021, panelists see inflation averaging 2.8%.


Author: Massimo Bassetti, Economist

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Bulgaria Inflation Chart


Bulgaria Inflation October 2019

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


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