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Inflation slows, says NSI

Photo: BGNES

Monthly inflation was 0.3 per cent in February, the National Statistical Institute (NSI) said. Bulgaria's annual consumer price index (CPI) recorded inflation of 3.3 per cent in February, down from 3.8 per cent in the previous month. It was the 14th consecutive month in which year-on-year inflation fell, and the lowest since annual inflation reached three per cent in July 2021.

Year-to-date inflation (February 2024 compared to December 2023) is 0.8 per cent, and the average annual inflation rate for the period March 2023-February 2024 compared to March 2022-February 2023 is 7.4 per cent.

In February 2024, prices for transport rose by 1.5% and hotels and restaurants by 0.9%. Alcoholic beverages and tobacco rose by 0.8% and food and non-alcoholic beverages by 0.6%. Education rose by 0.4%, communication by 0.3% and health by 0.1%. Prices for housing, water, electricity, gas and other fuels fell by 0.1%, while clothing and footwear fell by 2.5%. Furnishings, household equipment and services and ordinary maintenance of the dwelling also fell by 0.6%. 

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