Inflation Bulgaria 2023
Average inflation: 9.6%
Current Inflation
Inflation is very high at 9.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 16.7%. The lowest inflation was in December at 4.7%.
- Highest month
- January: 16.7%
- Lowest month
- December: 4.7%
- Difference
- 12.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 14.1%. The lowest price increase was in Transport with an average of -1.4%.
- Highest increase
- Food and non-alcoholic beverages: 14.1%
- Lowest increase
- Transport: -1.4%
Historical Context
Current inflation is 3.0% higher than the 5-year average of 6.6%.
- 5-year average
- 6.6%
- 10-year average
- 3.6%
- All-time high (2022)
- 15.3%
- All-time low (2014)
- -1.4%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -5.7 percentage point.
- Change vs. previous year
- -5.7 percentage points
- Largest monthly swing
- September: -12.4 percentage points
ECB Target
Inflation is 7.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 16.7% | +7.5 |
| February | 16.0% | +6.0 |
| March | 14.0% | +1.6 |
| April | 11.6% | -2.8 |
| May | 10.1% | -5.5 |
| June | 8.7% | -8.2 |
| July | 8.5% | -8.8 |
| August | 7.7% | -10.0 |
| September | 6.3% | -12.4 |
| October | 5.8% | -11.8 |
| November | 5.4% | -11.5 |
| December | 4.7% | -12.2 |
| Average | 9.6% |
Data source
Data from OECD. Last updated: 10/01/2026.