Bulgaria’s annual CPI inflation slows again to 14% in March

Bulgaria’s annual CPI inflation slows again to 14% in March
/ bne IntelliNews
By bne IntelliNews April 19, 2023

Bulgaria’s consumer price index (CPI) increased by 14% year on year in March, as annual inflation continued to slow (chart). Meanwhile, monthly inflation came in at 0.5% in March, the National Statistical Institute (NSI) said on April 18.

After 11 months of increase, Bulgaria’s inflation has slowed since peaking at 18.7% in September 2022.

Broken down by category, food and non-alcoholic beverages saw the highest annual increase in prices at 21%, followed by restaurants and hotels at 16.7%, housing at 16.2%, and arts and entertainment at 15.7%.

Transport costs decreased by 0.2% y/y.

Bulgaria’s annual Harmonised Index of Consumer Prices (HICP) inflation stood at 12.1% in March. Monthly HICP inflation was 0.6%.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Content

COMMENT: The Three Seas Initiative's digital imperative

IEA: Methane emissions at an all-time high need to be reduced by 75% by 2030 at a cost of $170bn

The EU is preparing a new, fourteenth package of sanctions

Data

Automotive sector output in Hungary edges up 1.6% y/y in February

Headline industrial output rose 1.8% in February, increasing for the first month in about a year.

Slovak inflation eased further to 2.3% in March

Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.

CEE falling inflation trend comes to an end

After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.

Hungary’s CPI edges lower, but price pressures remain in service sector

Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.

Slovak industry stagnates in February

Industrial production increased by 0.4% month-on-month.

Automotive sector output in Hungary edges up 1.6% y/y in February
2 hours ago
Slovak inflation eased further to 2.3% in March
3 hours ago
CEE falling inflation trend comes to an end
4 days ago
Hungary’s CPI edges lower, but price pressures remain in service sector
4 days ago
Slovak industry stagnates in February
5 days ago

Follow Us On

Most Read

  1. Saudi Arabia to scale back plans for Neom city
    6 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    7 days ago
  4. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    7 days ago
  5. Iran vs Israel: Who is better equipped for war?
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    16 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    21 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    26 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    19 days ago

Reports

Dismiss