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%.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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