Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Actual inflation in Bulgaria exceeds 25%

Macroeconomist Prof. Dimitar Ivanov
Photo: BGNES

According to the National Statistical Institute inflation in Bulgaria is 14.4%, but the market basket of consumer goods includes a number of optional goods that nobody consumes. In fact, if the consumer price index is taken into account, inflation in our country already exceeds 25%.


In an interview with BNR, macroeconomist Prof. Dimitar Ivanov pointed out that the Ministry of Finance has yet to analyze in depth the scale of its errors, in terms of the soaring inflation and the strategy needed to tackle it.


In the words of Prof. Ivanov, inflation - at 11-12% - is likely to continue for several years and will reach two scenarios - either stagflation due to rising interest rates around the world, or it will enter a recession, for a period that will surely last until 2025 and possibly beyond.


According to the macroeconomist, Bulgaria is in political and economic turmoil. This crisis is worse than the financial crisis of 1996-1997, when the problems were only in the economy, Ivanov says.

To top it off, there is the war which has cast its impact over the whole world and might take on even greater proportions, Professor Ivanov stresses. 




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The money transferred by Bulgarian emigrants to their country increase by 15.7% in Q1 of 2025

Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States,..

published on 6/16/25 9:13 AM

The euro is a guarantee of stability, says Minister of Economy Petar Dilov

The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..

published on 6/7/25 11:03 AM

IME: June 3 is the day when taxpayers start working for themselves

According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..

published on 6/3/25 1:47 PM