Bulgarian Savings Shrink by Over 40% as Inflation Outpaces Returns
Over the past five years, Bulgarian households have seen their savings lose more than 40 percent of their real value as inflation steadily eroded purchasing power
January Inflation Figures: Housing and Food Costs Surge in Bulgaria
- Tweet
Send to Kindle
@novinite.com
The National Statistical Institute (NSI) has unveiled the latest inflation data for January 2024, shedding light on notable shifts in consumer prices across various sectors.
According to preliminary NSI figures, January 2024 saw a monthly inflation rate of 0.5%, with annual inflation reaching 3.8%. This data provides crucial insights into the economic landscape, indicating trends in price fluctuations that impact consumers nationwide.
Key highlights from the NSI report reveal significant price increases in several essential categories compared to the previous month. Notably, the groups experiencing the largest price hikes include housing, water, electricity, gas, and other fuels, with a notable surge of 2.2%. Additionally, food products and soft drinks witnessed a substantial increase of 1.0%, alongside education (+0.8%) and healthcare (+0.6%).
Conversely, certain sectors experienced a decrease in prices during the same period. The NSI report indicates a notable decline in the groups of clothing and footwear (-3.5%) and transport (-1.7%), reflecting fluctuations in consumer spending patterns and market dynamics.
Of particular significance is the average annual inflation rate for the period spanning February 2023 to January 2024, which stands at 8.4% compared to the preceding twelve months.
Related Articles:
Bulgaria’s Flu Season to Peak in Late January, COVID-19 Still Dominates Respiratory Illnesses
Prof. Iva Hristova, director of the National Center for Infectious and Parasitic Diseases, has forecast that Bulgaria is likely to see the peak of the flu season in the last week of January
UK Inflation Holds at 3.8% Amid Sluggish Economic Growth
Consumer prices in the United Kingdom have climbed by 3.8% over the past year to September 2025
World | October 23, 2025, Thursday // 13:00
Sofia’s Skyrocketing Property Prices Highlight Urban Struggles and Infrastructure Gaps
Over the past decade, Bulgaria has seen a sharp rise in residential property prices, with an increase of nearly 150% nationwide
Bulgaria’s Inflation Skyrockets: Over 41% in Five Years
The National Statistical Institute (NSI) has reported that accumulated inflation in Bulgaria over the past five years has exceeded 41%, covering the period from September 2020 to September 2025
Society | October 21, 2025, Tuesday // 08:19
Half of Bulgarian Homes Now Bought on Credit as Property Prices Hit Record Highs
According to the latest Deloitte Property Index 2025, Bulgaria’s housing market continued to expand throughout 2024
From Piggy Banks to Payments: Tips for Using or Exchanging Your Coins in Bulgaria
As Bulgaria prepares to join the eurozone, many people who have been collecting coins from daily change may be wondering what to do with their small change
Economist Warns: Bulgaria’s Next Budget Risks Leaving the Country Poorer Than Necessary
Economist Georgi Ganev has warned that Bulgaria’s forthcoming budget is likely to leave the country poorer than it could be, emphasizing that the process lacks genuine dialogue
Bulgaria to Join Euro Banknote Production from January 2026
From January 1, 2026, Bulgaria will officially become part of the eurozone, and the Bulgarian National Bank (BNB) will join the Eurosystem's joint production pool for euro banknotes
Bulgaria Signals Readiness for Euro Adoption as EU Launches Instant-Payment Reforms
The Bulgarian government under Prime Minister Rosen Zhelyazkov says the country is fully prepared for the switch from the lev to the euro on 1 January 2026, having finalised key legislative and operational steps.
Bulgaria Prepares for Euro Transition: ATMs to Dispense Euros from New Year’s Day
Bulgarian banks are preparing for the New Year by ensuring that all ATMs will be stocked with euros starting January 1
Bulgaria Rings in 2026 with Two Currencies: What to Expect on New Year’s Eve
As the clock strikes midnight and Bulgaria welcomes 2026, the country will also enter a historic financial shift - the beginning of its transition to the euro
