Bulgaria Inflation

Bulgaria

Bulgaria: Consumer prices take record plunge in January

February 14, 2014

In January, consumer prices fell 0.18% over the previous month, which contrasted the 0.28% rise recorded in December. According to the National Statistical Institute, the figure was mainly driven by lower prices for clothing and footwear as well as for housing, water, electricity, gas and other fuels.

Consumer prices fell a record-low 2.2% over the same month of the previous year in January. The figure was down from the 1.6% decrease observed in December. Annual average inflation inched down from 0.9% in December to 0.3% in January.

Consensus Forecast participants see inflation ending 2014 at 2.5%, which is unchanged from last month's forecast. In 2015, panelists expect inflation to be 2.9%.


Author:, Senior Economist

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Bulgaria Inflation Chart


Bulgaria Inflation January 2014

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (NSI).


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