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Bulgaria's inflation rate on an annual basis has gone down from two-digit levels to nearly a zero. Photo by BGNES
The consumer price index (CPI) in Bulgaria slowed to 0,5 % year-on-year in January after marking a 0,6 increase the previous month, statistics office data showed on Monday.
On a monthly basis, the CPI edged up by 0,7% after a 0,5% increase in December last year.
Food prices in January slightly increased by 0,9% on a monthly basis. Among services the highest increase was marked by the prices of touristic (1,7%) and transport (1,5%) services.
Meanwhile, the harmonized index of consumer prices rose 1,8% on a yearly basis in January and was up 0.6% on a monthly basis.
Bulgaria's inflation rate has registered a drop on a monthly basis over the last months of 2009 and has gone down from two-digit levels to nearly a zero on an annual basis.
The drop in inflation is good news for Bulgaria as its high levels have been one of the key obstacles for the adoption of the European single currency. The country currently operates in currency board regime and the lev is pegged to the euro.
Bulgaria, the European Union’s poorest country, is currently going through its first recession in 12 years after a three-year lending boom stalled and foreign investment dried up.
The new government has approved an austerity budget for 2010 and will target a zero gap in a bid to speed up euro zone entry and beat recession.
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
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.
Nikolay Vassilev, former Minister of Economy, dismissed claims that prices in Bulgaria have doubled following eurozone-related developments, arguing instead that inflation remains low and that public fears about sharp price increases are exaggerated.
Bulgarian National Bank Governor Dimitar Radev has warned that inflation risks are increasingly driven by geopolitical developments, stressing that Bulgaria remains firmly anchored within the European institutional and political framework
Preliminary data from the National Statistical Institute (NSI) indicate that consumer prices in Bulgaria increased by 0.7% in March on a monthly basis, while annual inflation reached 3.9%, according to the agency’s flash estimate
The Chairman of the Consumer Protection Commission, Alexander Kolyachev, has stated that there is currently no significant rise in the prices of essential food products, despite growing public concern over inflation
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.
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