Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Bulgaria
In the year 2024, the inflation in Bulgaria was 2.42%, compared to -1.42% in 2014 and 9.46% in 2023. It averaged 3.44% over the last decade. For more inflation information, 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.
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