Latest reading: Consumer prices were up 0.7% on a year-on-year basis in May, following a 0.6% increase in the previous...
Inflation in Bulgaria
Consumer price inflation in Bulgaria averaged 3.4% in the ten years to 2024, in line with the South-Eastern Europe regional average of 15.2%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Bulgaria Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Bulgaria from 2014 to 2025.
Source: Macrobond.
Bulgaria Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.3 | 15.3 | 9.5 | 2.4 | 4.6 |
| Inflation (CPI, ann. var. %, eop) | 7.8 | 16.9 | 4.7 | 2.2 | 5.0 |
| Inflation (PPI, ann. var. %, aop) | 15.3 | 37.3 | -9.0 | -2.9 | 11.1 |
Inflation picks up in April from the prior month
Latest reading: Harmonized consumer prices increased 6.0% in annual terms in April, following a 2.8% rise in the previous month. April's reading was the strongest since September 2023. Relative to the prior month's data, there were higher price pressures for food and non-alcoholic beverages (+5.1% on a year-on-year basis vs +3.9% in March), transportation (+12.2% vs +2.7% in March), housing and utilities (+4.7% vs +4.2% in March), recreation (+11.1% vs +10.8% in March) and restaurants and hotels (+7.8% vs +6.4% in March). Meanwhile, consumer prices rose 6.8% in April, following a 4.1% increase in the prior month. Finally, harmonized consumer prices increased 1.82% in April on a month-on-month basis, following a 1.02% rise in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Bulgarian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Bulgarian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Bulgarian inflation projections.
Want to get access to the full dataset of Bulgarian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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