Consumer prices in Bulgaria increased 3.2 percent in February 2019, accelerating from a 3.0 percent rise in the prior month. Prices rose faster for food & non-alcoholic beverages (5.0 percent v 3.6 percent in January) and for restaurants & hotels (4.6 percent vs 4.4 percent) while cost declined less for transport (-0.4 percent vs -1.6 percent). Meanwhile, prices increased at a softer pace for housing & utilities (4.7 percent vs 4.9 percent); health (0.4 percent vs 0.5 percent); recreation & culture (6.1 percent vs 8.3 percent); alcoholic beverages & tobacco (2.0 percent vs 3.0 percent) and for miscellaneous goods & services (3.4 percent vs 3.5 percent). On a monthly basis, consumer prices went up 0.5 percent, the same as in January. Inflation Rate in Bulgaria averaged 64.20 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 2.50 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 2.30 in 12 months time. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.