All News on Economics in Bulgaria

In February, annual inflation in Bulgaria slowed down to a 9-month low of 16.0% compared to 16.7% in January, according to the data of the National Statistical Institute. This is the lowest annual inflation rate since May 2022.

On a monthly basis, however, there was an increase in consumer prices by 0.8% compared to the first month of 2023, when inflation rose by 1.4%.

The average annual inflation is expected to be 12.6%, announced the Acting Finance Minister Rositsa Velkova. She presented the preliminary calculations of the macroeconomic forecast until 2025.

Next year, inflation will slow down to 5.8%, expect from the Ministry of Finance.

Inflation in Bulgaria will accelerate to 12.5% in 2022 due to higher energy and food prices and the indirect impact of higher energy prices for businesses on headline inflation. This is what the European Commission predicts for Bulgaria in its summer forecast.

The annual inflation for March 2022 compared to March 2021 in Bulgaria is 12.4%, according to the National Statistical Institute.

The consumer price index for March 2022 compared to February 2022 is 102.2%, i.e. monthly inflation is 2.2%, Inflation since the beginning of the year (March 2022 compared to December 2021) is 5.2%.

I expect the price of sunflower oil to fall at some point, because the harvest is very good worldwide. This was announced on the air of Radio Stara Zagora by Vladimir Ivanov, Chairman of the State Commission on Commodity Exchanges and Markets.

In the studio of "Hello, Bulgaria" talkshow financier Emil Harsev and economist Stoyan Panchev commented on whether Bulgaria should expect a new leap in the prices of staples due to the appreciation of natural gas.I expect the prices to rise tby over 12 %. Harsev predicted.

Bulgaria is among the five EU countries with the lowest proportion of temporary employment, according to Eurostat's analysis of European Union labor market trends in the past year.