The monthly inflation rate was negative 0.1%, while the annual inflation rate was 6.3%. The inflation rate is measured by the Consumer Price Index (CPI), with monthly inflation referring to the month of September 2023 compared to the previous month, and annual inflation being for September 2023 compared to the same month of 2022, the National Statistical Institute reported on 16 October.
In September 2023, a month-on-month decrease was registered for Recreation and culture (-10.1%) and Restaurants and hotels (-1.9%). The highest increase was recorded in the prices for Education (+4.0), Transport (+2.7%), Clothing and footwear (+0.6%), Health (+0.6%) and Food and non-alcoholic beverages (+0.5%).
The inflation rate since the beginning of the year (September 2023 compared to December 2022) was 3.6%, and the annual average inflation rate for the period October 2022 - September 2023 compared to the period October 2021 - September 2022 was 12.4%.
The peak inflation rate in Bulgaria was registered in September 2022, when inflation reached 18,7%.
The monthly inflation rate was 0.4% and the annual inflation rate was 7.7% in August 2023, compared to August 2022. Inflation is in the single digits and declining for the fourth month in a row.