Bulgaria's consumer prices went up by 2.5% from a year earlier in May 2021, following a 2.0% increase in the previous month. It was the highest reading since March of 2020, as prices soared for transport (11.6% vs 8.9% in April), food and non-alcoholic beverages (0.8% vs 0.3%), housing & utilities (3.0% vs 2.9%) and recreation & culture (7.5% vs 4.9%) while inflation rose at a softer pace for furnitures (1.0% vs 1.5%), health (0.6% vs 0.9%). In contrast, deflation quickened for communication (-1.7% vs -0.3%) while eased for clothing & footwear (-2.0% vs -3.0%). Meantime, prices remained unchanged for education (4.6%), restaurants & hotels (2.5%) and miscellaneous goods & services (1.1%) On a monthly basis consumer prices increased by 0.1% in May, after a 0.7% rise in the month prior. source: National Statistical Institute, Bulgaria
Inflation Rate in Bulgaria averaged 58.69 percent from 1996 until 2021, 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. This page provides the latest reported value for - Bulgaria Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bulgaria Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Bulgaria is expected to be 2.30 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 2.40 in 12 months time. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.10 percent in 2022 and 1.50 percent in 2023, according to our econometric models.