What’s Driving Inflation in Bulgaria Right Now?

The Bulgarian National Bank (BNB) has identified insufficient labor supply and robust private consumption as the primary drivers of inflation in the country. These conclusions come from the second issue of the central bank’s “Economic Review” for the year, which includes data up to July 9.

According to the report, annual inflation as measured by the Harmonized Index of Consumer Prices - used in line with EU methodology - reached 2....