Producer prices in Bulgaria increased 2.8 percent year-on-year in May of 2019, easing from a 4.3 percent rise in the prior month. It was the lowest producer inflation since January, as prices slowed for manufacturing (1.6 percent vs 3.5 percent in April) while cost fell for mining & quarrying (-1.1 percent vs 3.4 percent). On the other hand, prices advanced faster for electricity, gas, steam & air conditioning supply (7.6 percent vs 6.9 percent). On a monthly basis, producer prices were flat, after increasing 0.4 percent in April. Producer Prices Change in Bulgaria averaged 4.07 percent from 2001 until 2019, reaching an all time high of 15.90 percent in May of 2006 and a record low of -10.90 percent in August of 2009.
Producer Prices Change in Bulgaria is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Bulgaria to stand at 3.20 in 12 months time. In the long-term, the Bulgaria Producer Prices Change is projected to trend around 4.00 percent in 2020, according to our econometric models.