Bulgaria's Inflation Rate Eases in January

Figures

Photo by xtock/Shutterstock.com

Bulgaria's inflation edged down to 16.4% year-on-year in January, from 16.9% in December, the Sofia-based National Statistical Institute (NSI) said on Wednesday.

This was the lowest rate since May of 2022, mainly due to a slowdown in the prices of recreation and culture (9.6% vs 14.8% in December), food & non-alcoholic beverages (24.9% vs 26.1%) and housing & utilities (18.8% vs 19.9%).

Meanwhile, costs accelerated for transport (10% vs 8.1%), health (10% vs 8.7%) and education (11.5% vs 10.3%). On a monthly comparison basis, inflation went up to 1.1% in January from 0.9% in December.

The monthly increase was largely due to higher prices in transport, by 2.3%, followed by those for miscellaneous goods and services, and food and non-alcoholic beverages.

EU harmonized inflation, or HICP, was 14.1% in January compared to the same month of 2022 and 1% higher than in December.

ADVERTISEMENT

Hungary to Expand Gripen Fleet With 4 Aircraft Analysis

Hungary to Expand Gripen Fleet With 4 Aircraft

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

High-tech Ratio in Hungarian Industry Rising Innovation

High-tech Ratio in Hungarian Industry Rising

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.