Bulgaria annual inflation drops to two-year low of 5.4% in November

Bulgaria’s annual consumer price index (CPI) recorded 5.4 per cent inflation in November 2023, down from 5.8 per cent a month earlier, the National Statistical Institute (NSI) said on December 15.

It was the 11th consecutive month in which the year-on-year inflation figure recorded a decline and the lowest in two years since annual inflation hit 4.8 per cent in September 2021.

Monthly inflation in November was 0.3 per cent, NSI said.

Food prices were 0.1 per cent higher compared to the previous month, while non-food prices were flat and services prices were one per cent higher.

Compared to November 2022, food prices were six per cent higher, while non-food and services prices rose by 3.3 per cent and 6.6 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded 0.2 per cent monthly inflation, and the annual harmonised CPI inflation was 5.5 per cent, down from 5.9 per cent a month earlier.

Food and beverage prices were six per cent higher in November, on an annual basis, while the price of utilities and housing rose by 2.5 per cent and transportation costs were 2.9 cent higher compared to the same month of last year. The three categories account for 48.9 per cent of the harmonised CPI basket.

(Consumer price index changes since November 2022. Bars illustrate the annual CPI inflation and lines show the monthly CPI inflation. Graphic: NSI)

Please support independent journalism by clicking on the button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:

Become a Patron!



The Sofia Globe staff

The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. Sign up to subscribe to sofiaglobe.com's daily bulletin through the form on our homepage. https://www.patreon.com/user?u=32709292