Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Inflation in the European Union decreased in January for the third month in a row, reaching 10% on an annual basis, and in the Eurozone - up to 8.6%, according to data from the European official statistics Eurostat.
At the same time, harmonized inflation in Bulgaria decreased in January to 14.1% from 14.3% at the end of 2022, with higher inflation recorded in seven other members of the union (Hungary, Latvia, Czech Republic, Estonia, Lithuania, Poland and Slovakia).
Eurozone inflation eased 0.2% in January from a month earlier and slowed to 8.6% year-on-year from 9.2% in December 2022, after hitting a record high of 10 last October. 6% - the highest inflation since European statistics have had this type of data since 1991.
Across the EU, the consumer price index (CPI) rose 0.2% in January from a month earlier, while annual inflation slowed to 10.0% from 10.4% at the end of 2022, falling for the third month in a row from the record high of 11.5 percent reported last October.
However, it should be borne in mind that exactly a year earlier inflation in the EU and the Eurozone was at levels of 5.6% and 5.1%, respectively.
Graphs of consumer inflation in the EU and the Eurozone
The lowest annual inflation in January was reported in Luxembourg (5.8%), followed by Spain (5.9%), Cyprus and Malta (both with inflation of 6.8%), while the highest inflation was reported in Hungary (26.2%), Latvia (21.4%) and the Czech Republic (19.1%).
In 15 of the 27 EU members, annual inflation in January was lower than the average European level of 10%, while in the remaining 12 members of the union it was above the average level for the union.
According to Eurostat data, harmonized consumer inflation in Bulgaria increased in January by 1% compared to the previous month, and on an annual basis it slowed to 14.1% from 14.3% in December 2022, confirming NSI data from earlier this month.
However, a year earlier (in January 2022) inflation in Bulgaria was at the level of 7.7%.
Higher than annual inflation in our country was recorded in January, in Hungary (total 26.2%), Latvia (21.4%), Czech Republic (19.1%), Estonia (18.6%), Lithuania (18 .5%), Poland (15.9%) and Slovakia (15.1%), while slightly lower inflation compared to Bulgaria was recorded in Romania (13.4%) and Croatia (12.5%).
Inflation on an annual basis in January in individual EU member states
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BNR
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022