The annual inflation in Bulgaria slowed down significantly in January, 2024, down to 3.8% from 4.7% a month earlier, the National Statistical Institute says. This is the lowest inflation level for the country since August 2021. Month-to-month, inflation has gone up in January by 0.5% compared to the previous month, when it went up by 0.3%.
Within one month, the steepest rise – by 2.2% - is of the prices from the consumer group “housing, water, electricity, gas and fuels”. With food and soft drinks, the increase is by 1%. In education, services have gone up by 0.8%, in healthcare – by 0.6%, in the hotel and restaurant business – by 0.4%. Prices have gone down in the “clothes and shoes” category – by 3.5%. In transport prices have gone down by 1.7%.
According to the prices from the small consumer basket for the lowest-income 20% of households, the price rise was highest for services – 3.7%, and food – 1.1%.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
+359 2 9336 661