Bulgaria's annual inflation rose to 1.6 percent in June of 2020 from 1.3 percent in the prior month, as prices advanced faster for food & non-alcoholic beverages (7.2 percent vs 6.4 percent in May) and miscellaneous goods & services (2.2 percent vs 1.9 percent). In contrast, costs decreased again for transport (-12.4 percent vs -12.6 percent); clothing & footwear (-1.9 percent vs -1.3 percent); communication (-1.1 percent vs -2.5 percent) and recreation & culture (-1 percent vs -0.4 percent). On a monthly basis, consumer prices decreased 0.4 percent, after dropping 0.3 percent in the prior month.
Inflation Rate in Bulgaria averaged 60.86 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 August of 2020.
Inflation Rate in Bulgaria is expected to be 0.50 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 0.70 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.