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.
While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..
In the first quarter of 2024, the gross domestic product (GDP) grew by 1.8% compared to the same period in 2023 . The first forecasts were for a growth of 1.7%, according to data of the National Statistical Institute. The GDP..
The perception of the level of corruption in Bulgaria remains very high, Geoff Gottlieb, Senior IMF Regional Representative for Central, Eastern and Southeastern Europe said. From an institutional point of view, the reduction in the level of..
+359 2 9336 661