European Wage Growth Slows at End of 2023: Bulgaria Outpaces EU Average
Data released by Eurostat reveals a notable deceleration in wage growth across the European Union (EU) and the eurozone during the final quarter of 2023
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The growth of inflation in August is slightly slowing down, according to the data of the National Statistical Institute. The cost of living increased by 17.7% compared to the same month last year, and by 1.2% compared to July.
In the month compared to July, the biggest increase in prices was for housing, water, electricity, gas and other fuels (+5.2%), various goods and services (+2.3%) and home furnishings, household appliances and accessories and usual home maintenance (+ 1.8%).
A decrease in prices was registered in the transport (-3.8%) and clothing and footwear (-2.3%) groups.
Inflation, %
Red: monthly Blue: annual
Food prices continue to rise
Cucumbers rose in price the most during the month - by 10.6%, apples - by 7%, margarine - by 4.6%, eggs - by 3.7%, milk - by 3.6%, pork - by 2.8%, mushrooms - by 3%.
Tomatoes - by 6.8%, carrots and beets - by 5.4%, garlic - by 4.5%, "Dobrudzha" bread - by 2.1%, oil - by 2.2%, spirits drinks - by 0.2% are among the group that fell in price during the month.
Everything for firewood – up in price
In the case of non-food products, the price of the central gas supply rose the most - by 50.6%. The prices of other energy sources continue to rise - firewood - by 8.5%, pellets - by 5.9%, coal - by 4%.
The most expensive automobile fuel for the last year - methane, rose in price by another 39.1% during the month.
The statistics also show a double-digit price increase in the processing of letters - by 13.6%, water - by 5.3%, package tourist services for abroad - by 2.9%.
Among the cheaper non-food goods are already fuels. Propane-butane became cheaper by 17.9%, mass A95H - by 6.9%. Shoes in August are 3.7% cheaper, and car insurance - by 1.9%.
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