The annual inflation in Bulgaria slowed down significantly in January, 2024, down to 3.8% from 4.7% a month earlier, the National Statistical Institute says. This is the lowest inflation level for the country since August 2021. Month-to-month, inflation has gone up in January by 0.5% compared to the previous month, when it went up by 0.3%.
Within one month, the steepest rise – by 2.2% - is of the prices from the consumer group “housing, water, electricity, gas and fuels”. With food and soft drinks, the increase is by 1%. In education, services have gone up by 0.8%, in healthcare – by 0.6%, in the hotel and restaurant business – by 0.4%. Prices have gone down in the “clothes and shoes” category – by 3.5%. In transport prices have gone down by 1.7%.
According to the prices from the small consumer basket for the lowest-income 20% of households, the price rise was highest for services – 3.7%, and food – 1.1%.
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..
+359 2 9336 661