Inflation eases in October from the prior month

Latest reading: Consumer prices increased 5.3% on a year-on-year basis in October, following a 5.6% increase in the prior month. Relative to the previous month's figures, price pressures eased for housing, water, electricity, gas and other fuels in October (+7.7% in annual terms vs +8.7% in September). In contrast, there were higher price pressures for food and non-alcoholic beverages (+6.4% vs +6.2% in September) and transportation (+0.5% vs +0.4% in September). Meanwhile, harmonized consumer prices rose 3.8% in annual terms in October, following a 4.1% rise in the previous month. Finally, consumer prices increased 0.88% in October on a month-on-month basis, following a 0.79% decline in the previous month.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Bulgarian inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Bulgarian inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Bulgarian inflation projections.

Want to get access to the full dataset of Bulgarian inflation forecasts? Send an email to info@focus-economics.com.