In January, inflation inched down to 16.4% on softer price pressures for food (December: 16.9%). Following 2022’s multi-decade high, the headline rate should ease sharply in 2023 on a more diversified natural gas supply, softening commodity prices and cooling domestic demand. Domestic political instability and stronger-than-anticipated domestic activity pose upside risks.
Bulgaria Exchange Rate (BGN per EUR, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Exchange Rate (BGN per EUR, eop) | 1.96 | 1.96 | 1.96 | 1.96 | 1.96 |