Inflation will continue to rise until the end of the first half of the year, BNB has predicted in its economic review. The analysis is based on data from January and does not include the negative economic consequences of the war in Ukraine.

According to experts, one of the pro-inflationary factors is related to the moratorium on energy prices for household consumers, which expires at the end of March. In addition, the consumer basket is burdened by the rising prices of a number of food products, especially fruit and vegetables, as well as services. Rising inflation is expected to lead to tightening of monetary policy worldwide, which would affect Bulgarian government securities.