Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

NSI: Bulgaria Records Second Consecutive Month of Deflation

Photo: Pixabay

According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024. Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the period June 2023 to May 2024 versus June 2022-May 2023 is 5.1%.

The sectors with the largest price decreases include Communications (-1.5%), Entertainment and Culture (-1%), and Transport (-0.9%). Conversely, the sector with the largest price increase was alcohol and tobacco, rising by 1%.

In April 2024, the monthly inflation rate was recorded at -0.3%.



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

Institute for Market Economics

High added value manufacturing marks significant growth: Institute for Market Economics

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..

published on 11/16/24 2:04 PM

Monthly inflation rises to 1.1%

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..

published on 11/15/24 3:22 PM

Employers and trade unions discuss the mechanism for determining the minimum wage

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..

published on 11/14/24 9:31 AM