EU Annual Inflation Slows in March 2024, Bulgaria's Rate at 3.1%
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
The consumer price index in December 2018 compared to November 2018 was 100.0%, i.e. the monthly inflation was 0.0%, reported the National Statistical Institute (NSI). The annual inflation in December 2018 compared to December 2017 was 2.7%.
The annual average inflation, measured by CPI, in the last 12 months (January - December 2018) compared to the previous 12 months (January - December 2017) was 2.8%. Figure 1. Inflation measured by CPI.
In December 2018 compared to the previous month the prices of goods and services in the main consumer groups changed as follows:
Food and non-alcoholic beverages - a decrease of 0.1%;
Alcoholic beverages and tobacco - an increase of 0.5%;
Clothing and footwear - a decrease of 1.1%;
Housing, water, electricity, gas and other fuels - an increase of 0.1%;
Furnishings, household equipment and routine maintenance of the house - the prices remained at the level of the previous month; Health - the prices remained at the level of the previous month;Transport - a decrease of 2.7%;
Communications - an increase of 0.3%;
Recreation and culture - an increase of 4.3%;
Education - a decrease of 0.1%;
Restaurants and hotels - an increase of 0.3%;
Miscellaneous goods and service - a decrease of 0.3%.
The harmonized index of consumer prices in December 2018 compared to November 2018 was 100.0%, i.e. the monthly inflation was 0.0%. The annual inflation in December 2018 compared to December 2017 was 2.3%.
The price index of a small basket in December 2018 compared to November 2018 was 100.1% and the overall increase since the beginning of the year (December 2018 compared to December 2017) has been 103.3%. In December 2018 compared to the previous month the prices of goods and services in the small basket for the 20% households with the lowest income changed as follows:
Food products - an increase of 0.3%;
Non-food products - a decrease of 0.2%;
Services - the prices remained at the level of the previous month.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022