BNB forecasts 5.2% inflation at the end of 2026
Average annual inflation is projected at 4.6%. The central bank’s forecast is a baseline scenario, not a guaranteed outcome.
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The Bulgarian National Bank forecasts year-on-year harmonised consumer price inflation of 5.2% at the end of 2026.
Average annual inflation is projected at 4.6% in 2026, 3.1% in 2027 and 2.9% in 2028. Real economic growth is forecast at 2.8%, 2.5% and 2.7%, respectively.
The estimates are part of Economic Review 2/2026, presented by BNB on 16 October. The analysis uses data available up to 18 September; the forecast was prepared as of 21 September, using assumptions about the international environment and commodities as of 19 August.
BNB also presents alternative scenarios because of uncertainty surrounding the Middle East conflict and energy prices. The figures are forecasts, not recorded inflation.
Illustrative photograph of euro banknotes: Ibrahim Boran / Unsplash, Unsplash License. Cropped to 1200×675 px.
