site.btaAnnual Inflation Halves to 6.3% in September Y/Y; Consumer Prices Still Rise

Inflation in Bulgaria has halved in a year, however, consumer prices continue to rise, the Bulgarian National Radio (BNR) reported on Saturday. The rise is most significant for food and fuel, while heating costs are also starting to weigh on the verge of the cold season.

National statistics calculated inflation at 6.3% in September - the lowest in two years. Annual inflation was soaring at 15.6% in September 2022, financial expert Ivan Stoykov told the BNR. He noted that current prices continue to rise but at a slower pace.

Official statistics even show a slight deflation compared to the previous month, but the burden of the rise in the cost of living for households remains. The small consumer basket has risen by 0.5% in a month and by nearly 4% since the start of 2023.