site.btaBulgaria's Annual Inflation Rate Unchanged at 2.8% in July 2024 M\M

In July 2024, Bulgaria’s annual inflation rate remained unchanged at 2.8%, Eurostat, the Statistical Office of the European Commission (Eurostat) reported here on Tuesday. The European Union annual inflation was 2.8%, up from 2.6% in June, and the euro area inflation rate was 2.6%, up from 2.5% in the previous month, the data show.

The annual inflation in Bulgaria in July 2024 stood at 2.8%, but on a monthly basis (compared to June 2024) consumer prices rose by 1.2%.

In July 2024, the highest contribution to the annual euro area inflation rate came from services (+1.82 percentage points, pp), followed by food, alcohol & tobacco (+0.45 pp), non-energy industrial goods (+0.19 pp) and energy (+0.12 pp).

In July 2023, Bulgaria recorded an annual inflation rate of 7.8%, in the EU it was 6.1% and 5.3% in the euro area.