EU Annual Inflation Slows in March 2024, Bulgaria's Rate at 3.1%

Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month. Similarly, annual inflation in the euro area dipped to 2.4% from 2.6%. Compared to March 2023, the difference is stark, with annual inflation in the EU standing at 8.3% and 6.9% in the euro area.

Preliminary data from Eurostat for Bulgaria based on the Harmonised Index of Consumer Prices showed an annual inflation rate of 3.1% in March 2024, down from 3.5% in February 2024 and 3.9% in March 2023.

However, Bulgaria's National Statistical Institute reported slightly different numbers, estimating annual inflation at 3.0% in March 2024 compared to the same month in the previous year.