Latest reading: Consumer prices were flat year on year in June, contrasting May’s 0.1% year-on-year decline and market expectations for...
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 2024 to 2023.
Source: Macrobond.
Bulgaria Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.7 | 3.3 | 15.3 | 9.5 | 2.4 |
| Inflation (CPI, ann. var. %, eop) | 0.1 | 7.8 | 16.9 | 4.7 | 2.2 |
| Inflation (PPI, ann. var. %, aop) | -2.0 | 15.3 | 37.3 | -9.0 | -2.9 |
Inflation eases in April
Latest reading: Inflation fell to 3.5% in April from March’s 4.0%. April's reading marked the lowest level so far this year. Looking at the details of the release, the decline was driven by falling transport costs, offsetting a rise in food and housing inflation. The trend pointed up mildly, with annual average inflation coming in at 2.7% in April (March: 2.6%). Meanwhile, harmonized inflation fell to 2.8% in April from the previous month's 4.0%. Lastly, consumer prices dropped 0.83% in April, undershooting March's 0.15% increase. April's result marked the weakest reading since September 2024.
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 17 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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Switzerland: Consumer prices are unchanged in June -
Peru: Inflation remains muted in June Latest reading: Inflation came in at 1.7% in June, matching May’s result and in line with the Central Bank’s 1.0–3.0%... -
Kazakhstan: Inflation increases to a near two-year high in June Latest reading: Inflation rose to 11.8% in June, above May’s 11.3%, marking the highest inflation rate since August 2023, and... -
Kenya: Inflation flatlines below midpoint of the target range in June Latest reading: Inflation was stable at May’s 3.8% in June, remaining below the midpoint of the Central Bank’s 2.5–7.5% target... -
Australia: Inflation nears target floor in May Latest reading: Inflation dropped to 2.1% in May after having stood at 2.4% for a third consecutive month in April.... -
Hong Kong: Inflation moderates in May Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and... -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central...