The annual inflation rate in Bulgaria increased 2.9 percent in July 2019 from 2.8 percent in the prior month. Prices rose faster for food & non-alcoholic beverages (4.8 percent vs 4.6 percent in June); health (0.9 percent vs 0.7 percent); restaurants & hotels (6.0 percent vs 5.4 percent); recreation & culture (4.3 percent vs 3.4 percent) and education (3.0 percent vs 2.6 percent). On the other hand, cost advanced at a softer pace for housing & utilities (4.0 percent vs 4.1 percent); furniture & household equipment (0.3 percent vs 1.4 percent) and alcoholic beverages & tobacco (2.1 percent vs 2.5 percent) while transport cost declined further (-0.8 percent vs -0.4 percent). On a monthly basis, consumer prices went up 0.8 percent, after decreasing 0.6 percent in the previous month. Inflation Rate in Bulgaria averaged 63.12 percent from 1996 until 2019, 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.
Inflation Rate in Bulgaria is expected to be 3.60 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 2.20 in 12 months time. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.