IMF Staff Country Reports

Bulgaria: Selected Issues Paper

Publication Date:

May 13, 2015

Electronic Access:

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Summary:

This Selected Issues paper examines inflation dynamics in Bulgaria from January 2012 to February 2015 and highlights some stylized facts about inflation in the country. January 2012 to February 2015 is the most relevant period for identifying factors contributing to recent deflation in Bulgaria, as well as their relative importance. Regression analysis suggests that during this period the inward spillover of low inflationary pressure from the European Union to Bulgaria has been the most significant factor, which was further exacerbated by consecutive electricity price cuts in 2013 and fast-falling global commodity prices, especially since late 2014.

Series:

Country Report No. 2015/120

Subject:

Debt burden Deflation External debt Financial statements Inflation Price controls Prices Public financial management (PFM)