Inflation in Bulgaria

Bulgaria Inflation | Economic News & Forecasts

Bulgaria - Inflation

Inflation comes in at highest level since December 2008 in November

Consumer prices increased 1.36% in November over the previous month, moderating from the 1.82% rise recorded in October. The softer rise was largely driven by a more moderate increase in prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels rose at a slower rate.

Inflation came in at 7.3% in November, which was up from October’s 6.0% and marked the highest inflation rate since December 2008. Accordingly, the trend pointed up, with annual average inflation coming in at 2.7% in November (October: 2.1%). Lastly, harmonized inflation rose to 6.3% in November, from the previous month's 5.2%.

FocusEconomics Consensus Forecast panelists project inflation to average 2.9% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, panelists project inflation to average 2.5%.

Bulgaria - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.1  -0.8  2.1  2.8  3.1  

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Bulgaria Inflation Chart

Bulgaria Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Insitute (NSI) and FocusEconomics calculations

Bulgaria Facts

Value Change Date
Bond Yield0.400.0 %Dec 31

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