Annual inflation in Bulgaria has gone up more than four-fold in 2022 as compared to 2021, Eurostat data show. In 2022, EU annual inflation reached the highest level ever measured at 9.2%. Compared with 2021, when the annual value was 2.9%, it more than tripled.
In Bulgaria the average annual inflation measured against the Harmonised Indices of Consumer Prices (HICP) was 13% for 2022. Compared to the price increase rate in 2021, which was just 2.8 %, consumer price growth in Bulgaria accelerated by 10.2 percentage points last year, or fourfold.
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The increase in the minimum wage is supported by 54.1% of Bulgarians. 1/3 of respondents believe that the minimum wage should be equal to the living wage. This is indicated by the results of a representative survey by the Myara..
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