Young Bulgarians To The Acting PM: "Just Don't Send Us To Ukraine!"
Acting Prime Minister Dimitar Glavchev has affirmed in an interview with "24 Chasa" that Bulgarian military personnel will not be dispatched to Ukraine in any capacity
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%. This marks the lowest inflation rate observed in the country since July 2021, when it also stood at 3 percent.
Since the outset of 2024, Bulgaria has seen a modest inflation rate of 1%, with the average annual inflation for the period spanning April 2023 to March 2024 reaching 6.5%, in contrast to the corresponding period of April 2022 to March 2023.
Breaking down the data on a monthly basis, March saw a slight uptick in inflation by 0.2% compared to the preceding month, where it recorded a 0.3% increase. Notable increases within the month were observed in the consumer categories of "entertainment and culture" (0.9%), communications (0.9%), and transport (0.8%), while the most significant decreases were registered in "clothing and footwear" (-0.6%), housing, water, electricity, gas, and other fuels (-0.5%), and food products and non-alcoholic beverages (-0.1%).
Harmonized inflation, as per the HICP index, experienced a marginal monthly increase of 0.2% in March 2024, while harmonized consumer inflation on an annual basis saw a notable slowdown to 3.1% from 3.5% in February.
The Harmonized Index of Consumer Prices serves as a standardized measure of inflation across EU countries and is a pivotal criterion for both price stability and Bulgaria's potential accession to the Eurozone.
Further analysis reveals that the price index for the small consumer basket witnessed a modest decrease of 0.4% on a monthly basis in March 2024, with a 1.1% increase compared to March 2023.
In terms of the prices of the small basket tailored for the lowest-income 20% of households, March saw significant decreases in food goods (-0.5%) and non-food products (-0.5%), while service prices remained unchanged from February.
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