Latest reading: Consumer prices rose 8.8% on a year-on-year basis in August, following a 9.3% rise in the previous month....
Inflation in Bulgaria
Consumer price inflation in Bulgaria averaged 3.4% in the ten years to 2024, in line with the South-Eastern Europe regional average of 15.2%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Bulgaria Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Bulgaria from 2014 to 2025.
Source: Macrobond.
Bulgaria Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.3 | 15.3 | 9.5 | 2.4 | 4.6 |
| Inflation (CPI, ann. var. %, eop) | 7.8 | 16.9 | 4.7 | 2.2 | 5.0 |
| Inflation (PPI, ann. var. %, aop) | 15.3 | 37.3 | -9.0 | -2.9 | 11.1 |
Inflation ebbs in July from the prior month
Latest reading: Harmonized consumer prices increased 4.4% on a year-on-year basis in July, following a 5.2% rise in the previous month. Relative to the previous month's figures, there were milder price pressures for food and non-alcoholic beverages (+1.2% on a year-on-year basis vs +2.3% in June), transportation (+9.4% vs +11.0% in June), housing and utilities (+5.0% vs +5.1% in June), recreation (+5.6% vs +8.6% in June) and restaurants and hotels (+6.7% vs +7.9% in June). Meanwhile, consumer prices rose 4.5% in July, following a 5.4% increase in the prior month. Finally, harmonized consumer prices increased 0.59% in July in month-on-month terms, following a 0.53% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
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 15 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.
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