Bulgaria’s annual inflation accelerated for the 16th consecutive month, rising from 15.6% in May to 16.9% in June, data of the National Statistical Institute indicate.
Transport prices rose 4.2% and restaurant and hotel prices increased with 2.6% month on month. In June, consumer prices rose by 0.9%, while a month earlier they saw a 1.2% increase. Prices of housing, water, electricity, gas and other fuels increased with 1.1% on a monthly basis.
Food prices fell for the first time in months - by 0.1%. The average annual inflation in the last twelve months (July 2021-June 2022) compared to the previous twelve months (July 2020- June 2021) was 9.3%. The inflation rate since the beginning of the year (June 2022- December 2021) was 10.1%.
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
In March 2024, 1,518 people in Bulgaria had deposits of more than BGN 1 million, while in March 2023, 1,277 Bulgarians had such deposits, according to the latest BNB data. Deposits between BGN 200 thousand and BGN 500 thousand grew the most..
In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review. The GDP growth is mainly due to the..
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