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%.
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The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
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