Bulgaria Inflation Rate Falls Further in August

Figures

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Bulgaria's consumer prices grew by 7.7% year-on-year in August, following an 8.5% annual increase in July, reaching its lowest level since November 2021, the Sofia-based National Statistical Institute (NSI) said on Friday.

Prices primarily eased for food & non-alcoholic beverages (12.4% vs 13.5% in July), housing & utilities (0.6% vs 6.2%), entertainment & culture (13.6% vs 14.6%), furnishings & household equipment (6.8% vs 8.5%) and miscellaneous goods & services (11.9% vs 14%). Meanwhile, transport costs decreased less (-4.2% vs -11.8%).

Meanwhile, inflation rose for health (14% vs 13.3%) and education (10.5% vs 10.4%). Compared to the previous month, consumer prices rose by 0.4% in August, following a 0.9% monthly climb in July.

Annual inflation under the harmonized index of consumer prices (HICP), which allows comparison on the same terms among all EU member states, stood at 7.5% in August. 

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