Bulgaria: Inflation bounces back from seven-month low
According to the Statistical Institute, January’s increase largely reflected higher prices for food and recreation and culture.
Inflation edged up from December’s seven-month low of 2.7% to 3.0% in January. As a result, annual average inflation ticked up to 2.9% in January from 2.8% a month earlier.
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.9%, which is unchanged from last month’s estimate. For 2020, panelists see inflation ending the year at 2.7%. ■