Prices fall in April
Inflation data for April has registered negative indices, meaning that there was deflation of prices. In April 2024, monthly inflation was minus 0.3%, and annual inflation was 2.4%, the National Statistical Institute announced.
Prices of the following goods and services fell: entertainment and culture - by 5.9%, healthcare- by 1.2%, restaurants and hotels - by and 0.4%, food and soft drinks - by 0.1%.
District heating lowers supply prices
Toplofikatsia Sofia, the country's biggest heating company, has offered a price reduction for thermal energy supply. The company proposes the price per megawatt hour to be 97.78 levs without VAT once the new price period arrives on July 1st. The revised price is 29.11 percent lower than the current one, which is 137.93 levs per megawatt hour.
Toplofikatsia Pleven proposes 56.10 levs per megawatt hour, which is 42.13 % lower than the current one. However, Toplofikatsia Burgas offers a price increase of 24.5%.
Тhe energy regulator will announce its final decision on the price of heating and hot water by June 30.
EC skeptical about Bulgaria's goals
The European Commission does not expect Bulgaria to be able to fulfill the last criterion for entering the Eurozone, although it is very close to it, according to public information from Brussels.
In its spring economic forecast published on Wednesday, it is said that on an annual basis inflation in Bulgaria was 3.1% as of March, while the Eurozone average was 2.4%.
According to EC, to meet the criteria, inflation must be average relative to that of the three member states where it is appreciating the least. A significant increase in the budget deficit is expected - from 1.9 to 2.8%, as well as economic growth of 1.9% of GDP.
Prices fall in April
Inflation data for April has registered negative indices, meaning that there was deflation of prices. In April 2024, monthly inflation was minus 0.3%, and annual inflation was 2.4%, the National Statistical Institute announced.
