The producer price inflation in Bulgaria rose to a nine-month high of 4.6 percent year-on-year in March 2019 from 3.9 percent in the previous month, as manufacturing prices advanced faster (4.2 percent vs 2.7 percent in February), namely basic metals (7.4 percent vs 2.0 percent). On the other hand, cost of electricity, gas, steam & air conditioning supply increased at a softer pace (7.0 percent vs 8.7 percent) while prices continued to fall for mining & quarrying (-1.9 percent from -3.4 percent). On a monthly basis, producer prices went up 0.7 percent, following a 1.8 percent gain in February. Producer Prices Change in Bulgaria averaged 4.08 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 6.60 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 6.50 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.