Inflation in Bulgaria
Bulgaria - Inflation
Inflation comes in at highest level since May 1998 in July
Consumer prices rose 1.12% in July over the previous month, accelerating from June's 0.88% increase. The result was largely due to a less pronounced drop in prices for food and non-alcoholic beverages. In contrast, price pressures for housing, water, electricity, gas and other fuels increased at a stronger pace.
Inflation increased to 17.3% in July from June’s 16.9%. July's figure marked the highest inflation rate since May 1998. Meanwhile, annual average inflation rose to 10.5% in July (June: 9.3%). Lastly, harmonized inflation ticked up to 14.9% in July, from the previous month's 14.8%.
FocusEconomics Consensus Forecast panelists project inflation to average 13.6% in 2022, which is up 0.4 percentage points from last month’s forecast, and 6.1% in 2023.
Bulgaria - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.1||-0.8||2.1||2.8||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Inflation Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||0.40||0.0 %||Dec 31|
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August 16, 2022
Consumer prices rose 1.12% in July over the previous month, accelerating from June's 0.88% increase.
August 10, 2022
Industrial production rose 17.5% year on year in June (May: +23.9% yoy).
July 15, 2022
Consumer prices increased 0.88% in June over the previous month, below May's 1.21% increase.
July 8, 2022
Industrial output rose 23.6% compared to the same month a year earlier in May, which was above April's 13.6% increase.
June 15, 2022
Consumer prices rose 1.21% in May over the previous month, slowing down from April's 2.46% increase.