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Bulgaria Inflation July 2023

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

Inflation came in at 8.5% in July, down from June’s 8.7%. July’s figure represented the lowest inflation rate since December 2021. The rebound was driven by rising prices for food and non-alcoholic beverages, and transportation.

Meanwhile, annual average inflation fell to 14.3% in July (June: 15.0%). In contrast, harmonized inflation rose to 7.8% in July, from the previous month’s 7.5%.

Finally, consumer prices increased 0.93% in July over the previous month, swinging from the 0.41% drop recorded in June. July’s result was the highest reading since January.

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