In June, the total Producer Price Index (PPI) in Bulgaria increased by 41.4% compared to the same month in 2021. In May, the index rose 38.2% year on year, data of the National Statistical Institute (NSI) indicate. Producer prices increased with 3.4% on a monthly basis.
Prices for the production and distribution of gas, electricity and heat increased with 83.2% year on year, and 1.4% on a monthly basis.
The accelerated increase in producer prices suggests that consumer inflation will continue to rise. According to NSI, reported consumer inflation accelerated to 16.9% in June, the highest increase since 1998.
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all..
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