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Bulgaria Inflation August 2023

Bulgaria: Inflation falls to over one-year low in August

Inflation came in at 7.7% in August, down from July’s 8.5%. August’s reading marked the weakest inflation rate since November 2021. The moderation was primarily due to a slower increase in prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels eased.

Annual average inflation fell to 13.4% in August (July: 14.3%). Meanwhile, harmonized inflation fell to 7.5% in August, from July’s 7.8%.

Lastly, consumer prices rose 0.38% in August over the previous month, which was below July’s 0.93% increase.

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