Inflation in Bulgaria
Bulgaria - Inflation
Inflation at nearly three-year low in May amid lockdown and falling prices for transport
Consumer prices fell 0.3% from the previous month in May, following April’s sharper 0.6% drop. According to the Statistical Institute, May’s fall largely reflected lower prices for transport, and recreation and culture more than offsetting higher prices for furnishings and household equipment.
Meanwhile, inflation slumped to 1.3% from April’s 1.8%, marking the lowest reading since July 2017. Lastly, annual average inflation eased from April’s 3.0% to 2.8% in May.
FocusEconomics Consensus Forecast panelists project inflation to average 2.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, panelists project inflation to average 2.3%.
Bulgaria - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.1 | -0.8 | 2.1 | 2.8 | 3.1 |
Bulgaria Inflation Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
Bulgaria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.40 | 0.0 % | Dec 31 |
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Economic News
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Bulgaria: Industrial activity falls at sharpest rate since September 2009 in May
July 9, 2020
Industrial output dived 16.1% in year-on-year terms in May, which was a larger contraction than April's 15.9% plunge.
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Bulgaria: Inflation at nearly three-year low in May amid lockdown and falling prices for transport
June 15, 2020
Consumer prices fell 0.3% from the previous month in May, following April’s sharper 0.6% drop.
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Bulgaria: Severe blow to industrial production amid lockdown in April
June 9, 2020
Industrial output tumbled 15.7% compared to the same month a year earlier in working-day adjusted terms in April, which followed a 6.8% contraction in March.
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Bulgaria: Economy defies coronavirus crisis and continues growing in Q1
June 5, 2020
The economy grew 2.4% in year-on-year calendar-adjusted terms in the first quarter of this year, matching the preliminary estimate and slowing from the previous quarter’s 3.1% expansion.
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Bulgaria: Inflation at over 2-year low in April amid lockdown and falling fuel prices
May 18, 2020
Consumer prices fell 0.6% from the previous month in April, matching March’s drop.
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