Bulgaria’s consumer prices increased by an annual 2.1% in November, up from 1.8% in October, according to data from the National Statistical Institute (NSI) released on Monday. Month-on-month, consumer prices rose by 0.6% in November, following a sharper 1.1% rise in October, as noted in the NSI’s monthly report.
In November, food and non-alcoholic beverages experienced the highest monthly price growth, rising by 1.4%. Recreation and culture also saw a notable increase of 1.3%. On the other hand, the largest monthly decline was observed in clothing and footwear, which dropped by 1.3%. These changes reflect varying inflationary pressures across different sectors.
Since the start of 2024, Bulgaria’s inflation rate has reached 1.8%. Additionally, the average annual inflation over the past 12 months stands slightly higher, at 2.6%. These figures indicate a moderate inflation trend that has gradually picked up pace towards the end of the year.
Annual inflation measured under the Harmonised Index of Consumer Prices (HICP), which facilitates comparisons among EU member states, remained steady at 2% in November, unchanged from October. This stability in the HICP reflects consistency in Bulgaria’s inflation trends within the EU framework.
On a monthly basis, EU-harmonised consumer prices rose by 0.3% in November, a slower pace compared to the 0.6% increase recorded in October. This suggests a slight easing in price growth while maintaining upward pressure on overall consumer costs.
