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Annual inflation in Bulgaria reaches 4.8%

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Due to rising fuel prices, annual inflation in Bulgaria accelerated to 4.8% in September, the National Statistical Institute announced. This is the highest increase since February 2020.

The consumer price index rose by 0.4% compared to the previous month. In August the CPI saw a 3.7% increase. Gas prices increased by 12%, coal prices rose by 4.7%. Prices of firewood also increased by 4.7%.

Staple food prices are expected to rise by another 7% by the end of the year, the Chairman of the State Commission on Commodity Exchanges and Markets Vladimir Ivanov predicted. 

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