Inflation Bulgaria 2024
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.8%. The lowest inflation was in September at 1.2%.
- Highest month
- January: 3.8%
- Lowest month
- September: 1.2%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 7.7%. The lowest price increase was in Communication with an average of -2.3%.
- Highest increase
- Restaurants and hotels: 7.7%
- Lowest increase
- Communication: -2.3%
Historical Context
Current inflation is 4.1% lower than the 5-year average of 6.5%.
- 5-year average
- 6.5%
- 10-year average
- 3.9%
- All-time high (2022)
- 15.3%
- All-time low (2014)
- -1.4%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +7.2 percentage point.
- Change vs. previous year
- -7.2 percentage points
- Largest monthly swing
- January: -12.9 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.8% | -12.9 |
| February | 3.3% | -12.7 |
| March | 3.0% | -11.0 |
| April | 2.4% | -9.2 |
| May | 2.3% | -7.8 |
| June | 2.5% | -6.2 |
| July | 2.4% | -6.1 |
| August | 2.1% | -5.6 |
| September | 1.2% | -5.1 |
| October | 1.8% | -4.0 |
| November | 2.1% | -3.3 |
| December | 2.2% | -2.5 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 10/01/2026.