The annual inflation rate in Bulgaria came in at 2.9 percent in August 2019, unchanged from the previous month. Prices slowed for housing & utilities (3.8 percent vs 4.0 percent in July) and recreation & culture (4.0 percent vs 4.3 percent) and continued to fall for transport (-1.3 percent vs -0.8 percent) and communication (-1.6 percent vs -1.2 percent). In contrast, inflation edged higher for food & non-alcoholic beverages (5.2 percent vs 4.8 percent); restaurants & hotels (6.1 percent vs 6.0 percent) and furniture & household equipment (0.7 percent vs 0.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after rising 0.8 percent in the previous month. Inflation Rate in Bulgaria averaged 62.91 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 2.00 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.