Bulgaria: Inflation Decline and GDP Growth

Business » FINANCE | May 16, 2023, Tuesday // 12:28
Bulgaria: Bulgaria: Inflation Decline and GDP Growth @Pixabay

Annual inflation in Bulgaria for April 2023 compared to April 2022 is 11.6%, reports the NSI.

The quarterly total income on average per household person in the first quarter of 2023 was BGN 2,394 and increased by 19.3% compared to the same quarter of 2022.

In the structure of total income, the highest relative share is income from salary (53.6%), followed by income from pensions (35.8%) and from self-employment (4.3%).

The quarterly total expenditure on average per person from a household in the first quarter of 2023 was BGN 2,149 and increased by 18.0% compared to the same quarter of 2022.

In the first quarter of 2023, GDP increased by 2.0% compared to the first quarter of the previous year, and gross value added increased by 2.2%.

End consumption registered a growth of 2.8%, gross fixed capital formation increased by 5.2% in the first quarter of 2023 compared to the first quarter of the previous year according to seasonally adjusted data. Exports of goods and services increased by 3.0% and imports of goods and services decreased by 4.3%.

In the last month there was an increase in the following sectors:

  • clothing and footwear - increase by 5.4%;
  • miscellaneous goods and services - increase by 1.0%;
  • restaurants and hotels - increase by 1.0%;
  • home furnishings, goods and services for the household and for the usual maintenance of the home - an increase of 0.9%;
  • alcoholic beverages and tobacco products - increase by 0.8%;
  • education - increase by 0.5%;
  • healthcare - increase by 0.2%;
  • food products and soft drinks - increase by 0.1%.

There is a decrease in the prices of:

  • entertainment and culture - decrease by 0.8%;
  • messages - decrease by 0.5%;
  • housing, water, electricity, gas and other fuels - a decrease of 0.2%.

The prices of goods and services in the "Transport" group remain at the level of last month.

Inflation measured by the Consumer Price Index monthly:

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg


We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: income, inflation, GDP, Bulgaria
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria