Bulgaria: Selected Issues Paper
May 13, 2015
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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.
Subject: Debt burden, Deflation, External debt, Financial statements, Inflation, Price controls, Prices, Public financial management (PFM)
Keywords: capital structures, core inflation, cost structure, CR, data from the Orbis database, Debt burden, Deflation, Financial statements, firm, firms' assets, Global, headline inflation, Inflation, inflation inertia, inflation outlook, investment-to-capital ratio, ISCR, micro data, price, Price controls
Pages:
30
Volume:
2015
DOI:
Issue:
120
Series:
Country Report No. 2015/120
Stock No:
1BGREA2015002
ISBN:
9781475555059
ISSN:
1934-7685
