Bulgaria hits highest inflation in 24 years
Bulgaria’s National Statistical Institute on Wednesday said the country’s inflation rose in May by 15.6 per cent year-on-year.
The Institute said this is the highest annual rise since May 1998, when the figure stood at 18.8 per cent.
Meanwhile, the monthly inflation in May 2022 was 1.2 per cent which was lower than the figures for April and March, which stood at 2.5 per cent and 2.2 per cent, respectively.
Prices of transport, food and non-alcoholic beverages contributed much to the inflation.
In May, transport prices rose by 3.2 per cent over the previous month and 32.6 per cent over the same period in 2021.
Prices for food and non-alcoholic beverages rose by 1.8 per cent on a monthly basis and 22.7 per cent on an annual basis.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Naira loses 5.3% against dollar at official market
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,317.00 and N1,000.00 against the dollar.
World
Germany has world’s highest leadership approval rating; Russia lowest: Report
Germany boasts of a 60 per cent leadership approval rating, a significant increase from 2023 approval ratings, which stood at 46 per cent.
Showbiz
Sexual Assault: Appeal Court reserves judgment as Baba Ijesha challenges conviction
Baba Ijesha, in his notice of appeal marked CA/LAG/CR/544/23, asked the appellate court to set aside the lower court’s judgment.
Sport
Goals rain as Arsenal demolish miserable Chelsea to keep title hope alive
The Gunners easily tore through Chelsea’s defence line, scoring 5 to set a new record against London rival.
Politics
Ganduje lauds Ododo for ‘good job’ in Ondo APC governorship primary
Mr Ganduje gave the commendation when he received the state governorship primary election committee report from Mr Ododo in Abuja on Tuesday.
States
Fire guts office of Governor Soludo’s aide
A part of the office of the special adviser to Anambra governor on political matters, Alex Obiogbolu, was gutted by fire on Tuesday.
