November 30, 2022
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Bulgaria hits highest inflation in 24 years

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Bulgaria has hit the highest inflation in twenty four years.

While disclosing this on Wednesday June 15, 2022, the country’s National Statistical Institute said the country’s inflation rose in May by 15.6 per cent year-on-year.

The Institute said this is the highest annual rise since May 1998, when the figure stood at 18.8 per cent.

Meanwhile, the monthly inflation in May 2022 was 1.2 per cent which was lower than the figures for April and March, which stood at 2.5 per cent and 2.2 per cent, respectively.

Prices of transport, food and non-alcoholic beverages contributed much to the inflation.

In May, transport prices rose by 3.2 per cent over the previous month and 32.6 per cent over the same period in 2021.

Prices for food and non-alcoholic beverages rose by 1.8 per cent on a monthly basis and 22.7 per cent on an annual basis.

Xinhua

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