Producer prices in Bulgaria increased 2.7 percent year-on-year in December of 2018, easing from a 3.4 percent rise in the previous month. It was the lowest producer inflation since February, as prices slowed for manufacturing (2.0 percent from 2.7 percent in November), namely manufacture of paper and paper products (3.1 percent from 4 percent). Meanwhile, cost of electricity, gas, steam & air conditioning supply went up 6.8 percent, the same as in November and prices continued to fall for mining & quarrying (-6.3 percent from -3.6 percent). On a monthly basis, producer prices edged down 0.7 percent. Producer Prices Change in Bulgaria averaged 4.09 percent from 2001 until 2018, 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 6.50 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 6.50 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.