Latest reading: Consumer prices increased 1.3% in annual terms in September, following a 1.6% rise in the previous month. Relative...
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 2025 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 is unchanged in August from July
Latest reading: Consumer prices were up 5.3% in annual terms in August, stable from the prior month. Relative to July’s figures, there were higher price pressures for housing, water, electricity, gas and other fuels (+8.5% vs +8.4% in July) and transportation (-1.5% vs -1.9% in July). In contrast, price pressures eased for food and non-alcoholic beverages in August (+6.9% vs +7.6% in July). Meanwhile, harmonized consumer prices increased 3.5% in annual terms in August, following a 3.4% rise in the previous month. Lastly, consumer prices rose 0.13% in August in month-on-month terms, following a 1.69% 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.
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