Bulgaria Expects Fuel Price Drop as Oil Falls 20%, Says Finance Minister
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
pixabay.com
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.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
Finance officials and the Bulgarian National Bank have issued a series of warnings about Bulgaria’s fiscal and economic outlook for 2026, highlighting rising pressure on public finances, slower growth, and higher inflation.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began