Consumer Price Index for Bulgaria
DDOE01BGA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.36
Year-over-Year Change
45.28%
Date Range
1/1/1990 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Bulgaria measures the changes in the prices of goods and services purchased by Bulgarian consumers. It is a key indicator of inflation and serves as an important tool for economic policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Bulgaria is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It is used to track the purchasing power of the Bulgarian lev and to inform decisions on monetary policy, wages, and social benefits.
Methodology
The Bulgarian National Statistical Institute collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is closely monitored by the Bulgarian National Bank and other policymakers to gauge the country's economic health and guide decisions on interest rates and inflation targeting.
Key Facts
- The CPI is based on a basket of over 800 goods and services.
- Bulgaria's CPI reached a high of 15.9% in 1997 during the country's economic crisis.
- The CPI is published monthly by the Bulgarian National Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Bulgaria measures the changes in the prices of goods and services purchased by Bulgarian consumers. It is a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is an important tool for economic policymakers, as it helps them understand the purchasing power of the Bulgarian lev and make informed decisions on monetary policy, wages, and social benefits.
Q: How is this data collected or calculated?
A: The Bulgarian National Statistical Institute collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Bulgarian National Bank and other policymakers to gauge the country's economic health and guide decisions on interest rates and inflation targeting.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the Bulgarian National Statistical Institute, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Bulgaria (DDOE01BGA086NWDB), retrieved from FRED.