Bulgaria records 2.4% annual inflation in April

Bulgaria’s annual consumer price index (CPI) recorded 2.4 per cent inflation in April, down from three per cent a month earlier, the National Statistical Institute (NSI) said on May 15.

It was the 16th consecutive month in which the year-on-year inflation figure recorded a decline and the lowest in three years, since annual inflation was two per cent in April 2021.

The monthly CPI figure showed 0.3 per cent deflation in April, the fourth time the CPI shrank on a monthly basis in the past 12 months, NSI said.

Food prices were 0.1 per cent lower compared to the previous month, while non-food prices rose by 0.4 per cent and services prices were 1.5 per cent lower.

Compared to April 2023, food prices were two per cent higher, while non-food and services prices rose by 1.5 per cent and 3.2 per cent, respectively.

The harmonised CPI figure, calculated by NSI for comparison with European Union data, recorded 0.1 per cent monthly deflation, and the annual harmonised CPI inflation was 2.5 per cent, down from 3.1 per cent a month earlier.

Food and beverage prices were 2.1 per cent higher in April, on an annual basis, while the price of utilities and housing rose by 2.9 per cent and transportation costs were 1.6 per cent up compared to the same month of last year. The three categories account for 49.2 per cent of the harmonised CPI basket.

(Consumer price index changes since April 2023. Bars illustrate the annual CPI inflation and lines show the monthly CPI inflation. Graphic: NSI)

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