Producer prices in Bulgaria increased 0.9 percent year-on-year in June of 2019, easing from a 2.8 percent gain in the previous month. It was the lowest producer inflation since November of 2016, as prices dropped for manufacturing (-0.7 percent vs 1.6 percent in May) and mining & quarrying (-6.3 percent vs -1.1 percent). Meanwhile, electricity, gas, steam and air conditioning supply producer inflation was steady (at 7.6 percent). On a monthly basis, producer prices fell 1.1 percent, compared to a flat reading in the prior month. Producer Prices Change in Bulgaria averaged 4.06 percent from 2001 until 2019, reaching an all time high of 15.90 percent in May of 2006 and a record low of -10.90 percent in August of 2009.
Producer Prices Change in Bulgaria is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Bulgaria to stand at 3.80 in 12 months time. In the long-term, the Bulgaria Producer Prices Change is projected to trend around 4.00 percent in 2020, according to our econometric models.