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Inflation reached 17.7% in August, Bulgarian government plans to take on new debt

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The growth of inflation in August slowed down slightly, according to data of the National Statistical Institute. The rise of the cost of living compared to the same month of 2021 reached 17.7%. The increase compared to the previous month of July was 1.2%.

In August, the highest rise in prices was recorded in housing, water, electricity and fuel - 5.2%. Prices of goods and services grew by 2.3%. Food prices rose by 1.2 percent.

A 3.8-percent decline was recorded in the prices of transport and a 2.3% drop in the prices of clothing and footwear.

The Bulgarian National Bank has announced that the caretaker government plans to take on 1 billion euros of internal debt by the end of the year. The first auction for 100 million euros will take place on September 19.

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