The annual inflation rate in Bulgaria decreased to 3.1 percent in November of 2018 from 3.7 percent in the prior month. It is the lowest inflation rate since May, as prices rose less mostly for food & non-alcoholic beverages (2.5 percent vs 3.3 percent in October) and transport (4.7 percent vs 9.2 percent). Also, inflation was steady for health (0.3 percent) and slowed for recreation & culture (3.5 percent vs 3.6 percent); alcoholic beverages & tobacco (3.2 percent vs 3.5 percent) and furnishings (1.2 percent vs 1.8 percent). Contrarily, inflation picked up for housing & utilities (4.8 percent vs 4.6 percent); restaurants & hotels (5.5 percent vs 5.3 percent); miscellaneous goods & services (3.8 percent vs 3.2 percent). On a monthly basis, consumer prices dropped 0.1 percent, after a 0.7 percent rise in the preceding month. Inflation Rate in Bulgaria averaged 64.86 percent from 1996 until 2018, 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 3.20 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 2.40 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.