Bulgaria's consumer price inflation rate slowed to 1.3 percent year-on-year in May 2020, the lowest level since July 2017, amid the coronavirus crisis. Prices rose at a softer rate for food and non-alcoholic beverages (6.4 percent vs 6.6 percent in April), housing, water, electricity, gas and other fuels (0.2 percent vs 0.3 percent), and restaurants and hotels (5.6 percent vs 5.9 percent). At the same time, prices fell for transport (-12.6 percent vs -9.4 percent) and recreation and culture (-0.4 percent vs 1.9 percent). Health cost, on the other hand, increased at a faster 3.5 percent, compared to 3.1 percent in April. On a monthly basis, consumer prices dropped 0.3 percent in May, after a 0.6 percent decline in April.
Inflation Rate in Bulgaria averaged 61.06 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 July of 2020.
Inflation Rate in Bulgaria is expected to be 1.20 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 -0.30 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.