In June, the total Producer Price Index (PPI) in Bulgaria increased by 41.4% compared to the same month in 2021. In May, the index rose 38.2% year on year, data of the National Statistical Institute (NSI) indicate. Producer prices increased with 3.4% on a monthly basis.
Prices for the production and distribution of gas, electricity and heat increased with 83.2% year on year, and 1.4% on a monthly basis.
The accelerated increase in producer prices suggests that consumer inflation will continue to rise. According to NSI, reported consumer inflation accelerated to 16.9% in June, the highest increase since 1998.
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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