Bulgaria's annual inflation edged down to 0.9 percent in September of 2020 from 1.2 percent in the previous month. It was the lowest inflation rate since December of 2016, amid a slowdown in prices of food & non-alcoholic beverages (4.2 percent vs 4.5 percent in August) and health (2.4 percent vs 3.2 percent). In addition, costs continued to decline for transport (-9.7 percent vs -9.6 percent) and clothing & footwear (-1.9 percent vs -2 percent). On a monthly basis, consumer prices went down 0.6 percent, after decreasing 0.5 percent in the prior month.
Inflation Rate in Bulgaria averaged 60.26 percent from 1996 until 2020, 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 October of 2020.
Inflation Rate in Bulgaria is expected to be 0.10 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 1.60 in 12 months time. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.