Finance Minister: Bulgaria’s Price Stability Aligns with Eurozone Criteria for June

Business » FINANCE | July 16, 2025, Wednesday // 15:21
Bulgaria: Finance Minister: Bulgaria’s Price Stability Aligns with Eurozone Criteria for June Finance Minister Temenuzhka Petkova

At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June. Citing the 12-month Harmonized Index of Consumer Prices (HICP) published by Eurostat, Petkova noted that Bulgaria's inflation stands at 2.8%, slightly below the preliminary eurozone average of 2.9%.

Turning to national data, Petkova explained that according to the National Statistical Institute (NSI), Bulgaria’s annual inflation rate for June - measured over the period from June 2024 to June 2025 - is 4.4%. Since the beginning of the calendar year, cumulative inflation has reached 2.4%. In terms of month-to-month changes, June registered a price increase of 0.4%, compared to no monthly change recorded in May.

Petkova detailed the specific consumer groups that had the most notable influence on June's monthly inflation rate. The largest increase came from the “entertainment and culture” category, which rose by 2.8%. This was followed by a 1.3% increase in prices at restaurants and hotels. Alcoholic beverages and tobacco products saw prices climb by 0.8%, while the transport sector registered a 0.7% rise.

Some categories, however, exerted a downward pressure on inflation. Prices in the “clothing and footwear” group dropped by 0.6%, communications costs declined by 0.2%, and miscellaneous goods and services edged down by 0.1%.

The finance minister reiterated that Bulgaria remains on a positive path regarding its eurozone aspirations, with inflation data continuing to align with the requirements for adopting the single European currency.

Finance » Be a reporter: Write and send your article
Tags: Petkova, Bulgaria, Eurozone, price

Advertisement
Advertisement
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