Bulgaria has the sixth highest inflation in the EU. In April, inflation reached 14.4% year on year, whereas the EU average was 8.1%, reads an analysis by the Confederation of Independent Trade Unions in Bulgaria (CITUB) regarding the anti-crisis measures announced by the government.
Higher inflation was registered only in Latvia, the Czech Republic, Lithuania and Estonia. However, Bulgaria ranks second in the EU in terms of increase of food prices. Food prices in Bulgaria increased by 21%. Lithuania tops the ranking with a 22.1% increase in food prices. Food prices in France rose 4.3%. The average increase in the EU was 8.9%.
The trade unions insist that the government raises the minimum monthly salary and incomes to offset inflation. They expressed discontent that the increase of the minimum salary is absent from the package of the anti-crisis measures announced by the cabinet.
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
Clear
Partly Cloudy