In April 2024, Bulgaria experienced a decline in annual sales inflation It rose to 2.5%, falling below the 3% threshold for the first time since summer 2021. This assessment is based on Eurostat's harmonized index of consumer prices, which is used for comparative analysis within the EU. After almost three years of being above the EU average; BulgariaThe annual inflation This rate is currently slightly below the EU average of 2.6%.A significant portion of the product group reports negatively each month. inflationit seems that the rising period has continued for a long time. inflation in Bulgaria it's over.
However, recently, while annual sales have been decreasing, inflation Matches the evaluation period EUR We do not guarantee recruitment standards. Bulgariacompliance. There are two main reasons for this, and it has been widely discussed in recent months.
First, this criterion evaluates average annual income. inflation Rather than just focusing on the most recent month, analyze over a 12-month period. Bulgariaaverage annual inflation The EU average for the period May 2023 to April 2024 is 5.5%, while the EU average is 4.3%. inflation Based on the levels observed earlier in the period, it will take several months for the average to fall to the 2-3% range.
Second, this standard is benchmarked against the three lowest performing EU countries, rather than the EU average. inflation Rates. As of April 2024, these countries are Denmark (1.2%), Belgium (1.7%) and Finland (2.2%). If we average these rates and add 1.5 percentage points, inflation The baseline is calculated to be 3.2%, which is significantly lower. Bulgariareported average annual inflation 5.5%.
Although it is gradually improving, Bulgaria's inflation Trajectory, meeting standards remains difficult.parable inflation Levels will decline in the coming months and will need to remain low to achieve standards comparable to those set by Lithuania, Denmark and Finland. inflation The rate is around 2 percent. But efforts to maintain it could be complicated by political instability, rising wages and pensions, stretched budgets and inconsistent policies. inflation within the necessary range.
