This year, inflation in the European Union in May set a new record and reached 8.8% on an annualized basis, in Bulgaria inflation for the same period is already 13.4%.

According to bourgas.ru, this year inflation in the European Union in May set a new record and reached 8.8% on an annualized basis, in Bulgaria inflation over the same period is already 13.4%. This is reported by the European Statistical Office.

Russia’s military intervention in Ukraine has further strained global supply chains and driven up energy and commodity prices, according to EuroStat.

In 14 EU countries, year-on-year inflation in May was higher than the average for the European Union. Its highest level was noted in Estonia (20.1%). This is followed by Lithuania (18.5%) and Latvia (16.8%). Bulgaria ranks fifth among the EU countries in terms of the cost of living – 13.4% year on year. Data are based on the Harmonized Consumer Price Index (HICP).

Our national statistics on Wednesday reported an acceleration in annual inflation to 15.6% in May.

In 13 EU countries, inflation in May was equal to or below the average for the European Union (8.8%) year on year. Its lowest levels were in Malta (5.8%) and France (5.8%). This is followed by Finland (7.1%) and Italy (7.3%).

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