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Cumulative inflation for the last 3 years is 30%, NSI President says

NSI President Assoc. Prof. Dr. Atanas Atanasov
Photo: BGNES

The National Statistical Institute (NSI) expects a high evaluation from the inspection of the Organisation for Economic Co-operation and Development (OECD), said NSI President Assoc. Prof. Dr. Atanas Atanasov. 

A report will be released by the end of April and in June we expect to be heard in Paris about our readiness to join the OECD. I assume that the NSI will be the first part of Bulgaria's full membership in the OECD, Atanasov stated. 

He said that the cumulative inflation in the country for the last three years was just over 30%. In 2023, it will be close to 17 per cent. Inflation does not mean impoverishment, NSI President explained, adding that "the trend of people travelling more at home and abroad continues, which is not a sign of impoverishment." He pointed out that the devaluation of the currency is a result of the absence of strong anti-inflationary measures.

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