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Annual inflation in Bulgaria hits 14.4%: National Statistical Institute

published on 5/17/22 12:03 PM

Photo: Alami/Reuters

The monthly inflation in Bulgaria in April has been estimated at 2.5%, as the prices of food products and non-alcoholic beverages rose by 4.5%. The main upward pressure on inflation in April was exerted by the prices of clothing and footwear, which increased by 6.4%. There is another increase in transport prices, which increased by 3.5%.

Annual inflation is already 14.4%, compared to 12.4% in the previous month. The new level is almost close to the values of the summer of 2008 on the eve of the global financial crisis, according to data from the National Statistical Institute.

At the same time, in the first quarter of 2022, the country's GDP growth was 4.5% on an annual basis, which is slightly above forecasts.

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Annual inflation in Bulgaria hits 14.4%: National Statistical Institute

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