The annual inflation rate in Bulgaria dropped to 2.8 percent in June of 2019 from 3.5 percent in the prior month. It was the lowest inflation rate since December 2018, as prices slowed mainly for food & non-alcoholic beverages (4.6 percent vs 5.8 percent in May); housing & utilities (4.1 percent vs 4.4 percent) and health (0.7 percent vs 0.8 percent) while transport cost declined (-0.4 percent vs 2.5 percent). On the other hand, inflation was steady for restaurants & hotels (at 5.4 percent) and recreation & culture (at 3.4 percent) while prices advanced faster for furniture & household equipment (1.4 percent vs 0.9 percent) and for alcoholic beverages & tobacco (2.5 percent vs 1.6 percent). On a monthly basis, consumer prices fell 0.6 percent, after 0.1 percent rise in May. Inflation Rate in Bulgaria averaged 63.33 percent from 1996 until 2019, reaching an all time high of 2019.50 percent in March of 1997 and a record low of -2.60 percent in February of 2014.
Inflation Rate in Bulgaria is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Bulgaria to stand at 2.20 in 12 months time. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.