site.btaBulgaria's Annual Inflation Rate Decelerates Further in December 2023

Bulgaria's annual inflation rate continued decelerating and was a single digit for the seventh month in a row in December 2023, the National Statistical Institute (NSI) said on Monday.

In December 2023, the monthly inflation rate was 0.3%, while the annual inflation compared to December 2022 was 4.7%. The annual average inflation rate for the January-December 2023 period compared to January-December 2022 was 9.5%.

In December 2023, the prices of goods and services increased in the following consumer groups:

• Recreation and culture by 2.4%;
• Restaurants and hotels 0.7%;
• Miscellaneous goods and services 0.7%;
• Food and non-alcoholic beverages 0.7%;
• Alcoholic beverages and tobacco 0.3%;
• Housing, water, electricity, gas and other fuels 0.1%;
• Health care 0.1%.

The prices of goods and services decreased in the following consumer groups:

• Transport by 1.5%;
• Clothing and footwear 0.6%;
• Communications 0.3%.

The prices of services in Education and in Furnishings, household equipment and routine home maintenance remained unchanged, the NSI said.