Producer prices in Bulgaria jumped 3 percent year-on-year in July of 2019, faster than a 0.9 percent gain in the previous month. It was the highest producer inflation since April, as cost picked up for electricity, gas, steam & air conditioning supply (9.8 percent vs 7.6 percent in June). In addition, prices rebounded for both manufacturing (1.1 percent vs -0.7 percent) and mining & quarrying (1.7 percent from -6.3 percent). On a monthly basis, producer prices rose 1.3 percent. Recovering from a 1.1 percent fall in June. Producer Prices Change in Bulgaria averaged 4.05 percent from 2001 until 2019, 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 1.50 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 3.30 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.